Uralkali (LSE: URKA; the Company), one of the world’s largest potash producers, has today announced its production results for January-March 2015.

      Uralkali produced 2.70 million tonnes of potassium chloride (KCI) in 1Q 2015, which represents an approximately 8% decrease compared to the corresponding period of the previous year, says a press release.

      According to the statement available on the corporate website, the output in 1Q 2015 declined compared to the same period last year as a result of the decrease in Uralkali’s production capacity following the accident at the Solikmsk-2 mine, and lower levels of demand in the key markets.

      The spring high water season expected from the middle of May to the end of June, as well as the success of the measures implemented to prevent brine inflow into the mine will impact the conditions in the Solikamsk-2 mine. Uralkali cooperates with leading Russian and international institutes to find technical solutions, which would allow the Company to continue backfilling the worked-out areas of the mine. Uralkali may review its annual output target for 2015 currently set at 10.2 million tonnes of KCI depending on the demand in the market and further developments at the Solikamsk-2 mine.