May 17, 2012
Uralkali announces H2 potash prices for Russian agriproducers
Uralkali announces that it will keep the ceiling price of potash fertilisers to be supplied directly to Russian agricultural producers in H2 2012 at H1 level of RUB 4,760/tonne, or US$153.53/tonne.
In 2012, Uralkali has increased its price for potashintended for Russian agricultural producers in line with the industrial inflation index. According to the forecast of the Federal State Statistics Service of the Russian Federation published in Q1 2012, the actual industrial inflation index rate amounted to 112.0% in December 2011 on-year.
The agreement between the Russian Association of Fertiliser Producers and the Agri-industrial Union of Russia is aimed at satisfying Russian agricultural producers' demand for mined fertilisers in 2008-2012 and was signed on 17 October 2008. The agreement specifies that Russian manufacturers of mined fertilisers should announce their prices for agricultural producers.
Uralkali is one of the world's largest potash producers with a market share of about 20%.