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Uralkali 3Q Rev. -19% Y/y to $856m; World Mkt at 58-60mt in ’14 2013-12-19 10:17:42.889 GMT
By Benjamin Dow and Yuliya Fedorinova Dec. 19 (Bloomberg) -- Net revenue for 3Q falls 21% y/y to $697m. * Average 3Q FCA export price $272/t falls 27% y/y; 3Q potassium chloride sales 2.6mt * 9-month sales volumes 6.9mt down 9% y/y; revenue $2.47b, net revenue down 27% y/y to $2.05b * Confirms 2014 global potash demand at 58mt-60mt * Sees strong Brazil demand in 2014; co. to continue focus on market share growth there * Says INR depreciation affected importers to India in 3Q; demand from farmers still “relatively moderate”; co. sees Indian potash imports at 3mt-3.2mt for 2013 * Chinese potash inventories seen falling to 3.5mt at end 2013 vs 4.9mt at end 2012 * “Very strong demand” seen in U.S. next year * Call 1pm U.K., webcast registration here * NOTE: Co. reported 9-month potassium chloride production 7.2mt on Oct. 3
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To contact the reporters on this story: Benjamin Dow in Moscow at +7-495-771-7735 or bdow2@bloomberg.net; Yuliya Fedorinova in Moscow at +7-495-771-7707 or yfedorinova@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net