Uralkali Strategizes Production Cut

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.

Click here to read the full Bloomberg report.