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Potash Prices May Touch $600 Per Tonne on Domestic Demand
Oct. 06, 2011 02:53PM PST
Potash InvestingThe Economic Times reoprted that Uralkali (LSE:URKA) sees potash prices reaching $600 on increased demand from India.
The Economic Times reoprted that Uralkali (LSE:URKA) sees potash prices reaching $600 on increased demand from India.
As quoted in the market news:
Global demand for potash is expected to grow at 3-3.5% annually. In India, the world’s second-biggest buyer of the fertiliser, it is expected to grow at 5-7%. The trading arm of Russian potash maker Uralkali recently negotiated an increase in potash prices with its Brazilian clients to $580-590 a tonne.
Uralkali’s CEO, Vladislav Baumgertner said:
“But in order to justify development of these greenfield capacities, we need to have certain prices that can come up to net-back (ex-factory) price $450-500.”
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