MOSCOW, October 24 - RAPSI. The antimonopoly watchdog launched a case against Uralkali, world's largest potassium producer, on Monday on suspicion of setting a monopoly price on potassium chloride.
The Federal Antimonopoly Service has considered the complaints of potassium chloride consumers against the allegedly ungrounded price growth. An analysis of competition on the potassium chloride market has revealed that Uralkali has established market dominance.
"In addition, an analysis of potassium chloride prices and cost structure has demonstrated that the growth of its production costs does not correspond to its price growth," the watchdog reports.
After its merger with Silvinit, Uralkali became the world's number-one potassium chloride producer and ranks second in terms of production capacity.