Uralkali Reducing Prices For Russian Agrarians

18.03.2010 — News

Uralkali JSC will reduce the top price levels for the potassium chloride for Russian agricultural companies for the spring field work period by 7%, down to 4,250 roubles per ton. This price level will remain valid until 1 July 2010.

Last December, in accordance with the agreement between the Russian Association of Fertilizer Producers (Uralkali is one of its founders) and the Agroindustrial Union of Russia, the company capped the prices for potassium fertilizers for the domestic market in January-June 2010 at 4,550 roubles per ton (FCA, not packaged).

Denis Morozov, the Uralkali JSC President, said that the decision of the further 7% reduction is aimed to help Russian agrarians. "We are going to be consistent in the implementation of policies for the support of the domestic agroindustry sector, acknowledging the importance of this goal for the country", he stressed.

The company informed RusBusinessNews that the top level of price for potassium fertilizers in the domestic market in the second half of 2010 will be made public before 15 May.