Uralkali to reduce production
Uralkali plans to cut back potash production till the end of current year.
The Company expects to reduce its total output of potash by approximately 350-500 thousand tonnes. The cutback is largely as a result of current market situation and scheduled maintenance activities, which require a temporary shutdown of the Company’s production facilities.
The production downtime is fully in line with Uralkali’s strategy, whereby the Company determines its output based on global potash market conditions, such as demand and price dynamics. This approach enables the Company to avoid excess production and selling its main products at unfavourable prices.