Uralkali Agrees to 24% Cut in Potash Price for China
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OAO Uralkali, the world’s largest potash producer, agreed to supply the soil nutrient to China for 24 percent less than it did before pulling out of a joint supply deal with Belarus.
Uralkali will sell 700,000 metric tons of potash to Chinese customers at $305 ton under a contract for the first half of 2014, it said in a statement yesterday. That compares with the $400 Berezniki, Russia-based Uralkali charged when it marketed potash with Belarus until July.