Uralkali, the world's largest potash producer, will raise prices for Russian complex fertilizer makers by 34 percent in the first quarter of 2012 after prices for China increased.
The company will charge domestic complex fertilizer makers 9,318 rubles ($291) a metric ton, compared with 6,970 rubles now, Uralkali's press office said Tuesday in an e-mailed statement. Prices for industrial users, such as oil producers, will rise about 23 percent to as much as 10,828 rubles a ton.
The domestic prices exclude transportation costs and taxes, Uralkali said.
Global potash prices, which Uralkali uses to calculate the amount it charges Russian fertilizer makers and industrial consumers, surged in the third quarter. Uralkali used the average weighted export price in its least-expensive market in the previous quarter to set domestic rates, the company said by e-mail.
Belarussian Potash Company, Uralkali's trading arm, charged Chinese clients $400 a ton, including transportation costs, in January through June. BPC, as it's known, raised the price for China to $470 a ton from July, still the least expensive of its markets, according to the trader's web site.
All domestic prices exclude transportation costs and taxes, Uralkali said. Russian farmers will pay about 4,700 rubles a ton, an 11 percent increase.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
