OREANDA-NEWS. December 2, 2011. Uralkali (LSE:URKA) announces that it has paid premiums of approximately RUR 318 million (appr. USD 10 million) to Russian compound fertiliser producers (NPK) following the Q3 2011 results, which is 1.9 times more compared to Q2 2011 (RUR 167 million or appr. USD 5.3 million).

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.