Publications Archive

It has been a tough year for Russian borrowers — and could get even more challenging. But Uralkali has shown strength in the loan market and appears well positioned, having ridden out the worst of the potash price crash following its break-up of BPC. Uralkali’s developed relationships with international banks was the decisive factor in getting the June deal done, according to CFO Viktor Belyakov.

Russia's Uralkali (URKA.MM), the world's largest potash producer, expects volumes to China to remain flat or rise slightly in the first half of 2015, the company's head of sales told Reuters.

Russian potash giant Uralkali JSC has no plans to restore a sales partnership with Belarus, dimming prospects for reviving a global pricing cartel for the fertilizer ingredient.

Russia's Uralkali, the world's largest potash producer, said it may increase the price for a new 2015 supply contract with China by 10 percent, pressing efforts to restore prices to levels seen before last year's slump.

“We are a responsible market player,” said Uralkali CEO Dmitry Osipov to Bloomberg

Uralkali will likely see minimal impact from Western sanctions on Moscow, believes Dmitry Osipov: “All our business is about food security globally”, he told Reuters.

Russian companies have much to offer lenders, including good borrowing histories and higher margins than are found in Europe and the US, according to Victor Belyakov, Uralkali CFO.