UPDATE 2-Uralkali says potash prices to rebound in 2014, ups sales

Thu Oct 3, 2013 7:19am EDT
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* Uralkali says crop nutrient price may fall further in 2013

* Ups monthly sales by 43 percent to 1 mln T

* Calls $330/T "guideline" price for rail supplies to China

By Polina Devitt and Alessandra Prentice

MOSCOW, Oct 3 (Reuters) - Russia's Uralkali, the world's largest potash producer, has increased market share since breaking up with its partner in Belarus and expects global potash prices to rebound in 2014, the company's head of sales said.

Uralkali is at the centre of a row between Russia and Belarus, triggered when the Russian company quit a sales cartel with state-run Belaruskali in July, seeking to maximise sales volumes and rocking the global potash industry.

Since then, global prices of the crop nutrient have decreased and may fall further this year or in early 2014 when supply contracts for top global consumer China are set, Uralkali sales chief Oleg Petrov told Reuters.

China traditionally sets the lowest potash prices, a benchmark for companies negotiating individual contracts with other countries on the fertiliser ingredient.

"All corrections will occur in 2013, reaching a bottom in early 2014 with the contract in China, after which there will be a definite rebound," Petrov said.   Continued...