Now more than ever, AMZ's importance to Brazil should be more than obvious. Unbeleivable..these guys are trying to crank costs to $530 a metric ton. In relatively short order they'll find they've more than priced themselves out of a market. All the more reason to get AMZ's Cerrado Verde project up and running asap.

Uralkali.., aims to increase prices in Brazil to as high as $530 a metric ton

Source: Bloomberg - Feb 26, 2011 2:26 AM GMT+1000
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OAO Uralkali, Russia's second- biggest potash producer, rose the most in almost seven months in Moscow trading on a report it plans to boost prices in Brazil.

Uralkali climbed 9.4 percent, the steepest gain since Aug. 2. Belarusian Potash Co., its trading company, aims to increase prices in Brazil to as high as $530 a metric ton, FMB Group's weekly potash report said, citing a notice to clients. On Nov. 8, BPC said it would charge buyers in Brazil $450 a ton.

Uralkali's press service and BPC spokesman Filipp Gritskov declined to comment when contacted by Bloomberg News today.

"This is a pretty high price taking into account that prices for China were as high as $440 per ton and negotiations with India are still ahead," said Alexey Bachurin, a trader at Renaissance Capital in Moscow. "The expected price for India was $470 per ton," Bachurin said.

Uralkali climbed 20.03 rubles to 232.82 rubles by the 6:45 p.m. close of Moscow trading. OAO Silvinit, Russia's biggest potash producer, rose 8 percent to 29,471.87 rubles.

"The market had expected this" potash "price level to be reached only by year-end," Marina Alexeenkova, an analyst at OAO Gazprombank, said by phone today from Moscow.