Bloomberg reports that OAO Uralkali ( LON:URKA) , Russia’s second- biggest potash producer, rose on a report it plans to raise prices in Brazil.
The market news is quoted as saying:
Uralkali climbed 9.4 percent, the steepest gain since Aug. 2. Belarusian Potash Co., its trading company, aims to increase prices in Brazil to as high as $530 a metric ton, FMB Group’s weekly potash report said, citing a notice to clients. On Nov. 8, BPC said it would charge buyers in Brazil $450 a ton.