Markets :: Fine Chemicals/Biotech :: Agricultural chemicals
Potash Firm Slashes Output
2:59 AM MST | November 24, 2008 | Chemical Week Editorial Staff
Potash company Uralkali (Berezniki, Russia) says it has cut production by 50% and will continue producing at the reduced rate until at least the end of December. The move will result in a 500,000 m.t. fall in production in the fourth quarter and a 10% cut in full-year output, reducing revenues by $650 million, Uralkali says. “The turmoil in global financial markets that has impacted all areas of the commodities sector, including agriculture, has triggered a drop in demand for crops, hindering farmers’ capacity to purchase planned volumes of...
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