Uralkali Ready to Cut Potash Output to Shield Price: Commodities

OAO Uralkali, Russia’s biggest fertilizer maker, is ready to cut production to prevent potash prices from falling after Potash Corp. of Saskatchewan Inc. announced reductions this year.

“Our strategy is that price is much more important than volumes,” Chief Financial Officer Victor Belyakov said in an interview yesterday in London. “It’s a strategy for most of the big players in the market. We usually cut some production to come up with a fair price.”