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Bloomberg reported that Uralkali (LSE:URKA) is prepared to cut production in order to protect prices.
Bloomberg reported that Uralkali (LSE:URKA) is prepared to cut production in order to protect prices.
As quoted in the market news:
Uralkali pared its 2012 production target by about 8 percent to between 10.5 million metric tons and 10.8 million tons to bolster prices, Belyakov said. Berezniki, Russia-based Uralkali, which had record 2011 output of 10.8 million tons, forecasts global demand for fertilizers to be similar to last year’s 58 million tons, he said.