Uralkali May Follow Potash in Cutting Output, Troika Dialog Says
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OAO Uralkali, the world’s largest potash producer by volume, may cut third-quarter output because of weaker demand, Troika Dialog said.
“The strength in agricultural commodities has not yet filtered through to a firmer supply demand balance in potash, and there are indications the underlying market remains pretty soft,” Mikhail Stiskin, an analyst at Troika Dilaog, wrote in a report today. Indian demand has been hurt by a revised subsidy system, while China’s buyers are also “in no hurry to sign up for new shipments,” he said.