NEWS
Wed Oct 23, 2013 09:38 AM CDT

MOSCOW (Dow Jones) -- Russian potash producer OAO Uralkali has ramped up output significantly as part of its new strategy, a board member said, despite a possible sale of the company and the fact its chief executive remains under arrest in Belarus on charges stemming from the change in tactics.

Uralkali's departure from a trading partnership with Belarus in July ended an informal global pricing cartel and was expected to drive down prices for the fertilizer ingredient considerably, but the market has remained in limbo as buyers wait to see if the possible sale might resurrect the old sales arrangement.

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