Support The Moscow Times!

Uralkali Expects Potash Market Consolidation

Uralkali, which decided to break out of a trading venture with its Belarussian partner Belaruskali last week, expects a consolidation of the industry as a result of price falls, the firm's CEO told Vedomosti on Monday.

Uralkali predicted that its break-up with Belarussian Potash Company last week would cause the global potash price to fall by 25 percent to below $300 per ton in the second half of 2013. Analysts fear it could also halt global potash projects.

"Consolidation would be a logical step when the price falls to a level of marginal producers," Chief Executive Vladislav Baumgertner said.

But he said it was too early to predict possible deals as the valuation of individual companies was now unclear.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.