Russia's Uralchem cuts domestic ferts prices 25%

30 October 2008 12:33  [Source: ICIS news]

MOSCOW (ICIS news)--Russia's Uralchem cut its domestic mineral fertilizer prices by 25% on 29 October to encourage domestic demand, the company said on Thursday.

In announcing its production levels for the January-September 2008 period, Uralchem said it produced 1.57m tonnes of ammonia, up 12% year on year.

For the same period, Uralchem also increased its year-on-year production of ammonium nitrate (AN) by 8% to 1.73m tonnes, urea by 23% to 313,000 tonnes and nitric acid by 8% to 1.54m tonnes, according to the company.

Uralchem controls Azot Berezniki, based in the Perm region of the Urals, and the Voskresensk Mineral Fertilizers plant near Moscow.

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By: Sergei Blagov
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