OREANDA-NEWS. June 02, 2011. OJSC Uralkali ("Uralkali") announces that it has paid premiums of approximately RUR 147 million (ca. USD 5.25 million) to Russian compound fertiliser producers (NPK) following the Q1 2011 results.

The premium mechanism is provided by Uralkali’s Marketing Policy which has been approved by the Russian Federal Antimonopoly Service. It allows NPK producers to buy KCL for the production of fertiliser intended for use in the domestic market on the same favourable conditions that the Company applies to its direct sales to domestic agricultural producers. The structure is designed to encourage the growth of compound fertiliser supplies to the domestic market and support agricultural producers.

As Uralkali has previously announced, the price for direct sales to agricultural producers in H2 2011 remains the same as H1 2011.

The current prices for different KCL consumers in Russia (net of VAT, unpackaged, RUR per tonne) are as follows:

Agricultural producers - 4,250 
NPK producers* - 5,700 
Industrial consumers - 6,500