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Russia/Malaysia: Potash joint venture to boost South East Asia presence

 |  December 9, 2013

The world’s largest producer of potash announced plans for a joint venture with Malaysia in efforts to expand its presence in South East Asia.

Russia-based Uralkali announced Monday it reached an agreement with the Federal Land Development Authority of Malaysia, a strategic move as South East Asia has high demand for the fertilizer.

The global potash market has faced heated competition in recent months as Uralkali cut ties with competitor Belarus earlier this year.

Full Content: Reuters

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