Delayed Potash Purchases Prompt Uralkali Output Cuts

Bloomberg reported that Uralkali (LSE:URKA) said it would slash potash production after China and India postponed their purchases.

As quoted in the market news:

The 40 percent decline in the first quarter is pro-forma, according to Uralkali, which completed its acquisition of OAO Silvinit in June. Output is at 60 percent of capacity now, the press service said.

Click here to read the full Bloomberg report.