Uralkali Cautions Investors on 2013 Potash Demand
Caution from one of the world’s largest potash producers is likely to temper 2013 potash demand figures, but will not significantly change projected growth for the industry as a whole.
Caution from one of the world’s largest potash producers is likely to temper 2013 potash demand figures, but will not significantly change projected growth for the industry as a whole.
Bloomberg reported that Uralkali has agreed to cut cut prices for China's Sinofert Holding Ltd. (297) by $70 a metric ton.
Reuters reported that Russian miner Uralkali is forecasting a hike in potash demand for 2013.
Potash Ridge's $20-million initial public offering created a stir in the potash market.
Potash producers are optimistic about their 2013 demand projections, however, some financial firms remain skeptical.
Reuters reported that Uralkali plans to cut potash output by 2 million tonnes in the December to March to curb excess supply.
Bloomberg reported that Uralkali believes that China is reluctant to sign long-term contracts, and may switch to the spot market.
Reuters reported that Uralkali's board of directors are considering a share buyback programme.
Bloomberg reported world's top potash producer Uralkali increased second-quarter production 12% since last year.
Reuters reported an increase in production in the second quarter for Russian potash miner Uralkali.
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