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January 2, 2013

 

Belarus' Jan-Oct potash fertiliser exports down 19.2%
 

 

During January-October 2012, exports of potash fertiliser in Belarus dropped 19.2%, prompting measures to expand the number of licensed potash exporters.

 

Black Sea Grain reports that deliveries to both Commonwealth of Independent States (CIS) and non-CIS countries plunged during the first 10 months of the year, falling 15.3% and 19.3% respectively compared to the same period in the preceding year. Countries outside the CIS still account for the vast majority of exports, at 3,100,800 tonnes compared to 132,900 tonnes of deliveries to CIS members.

 

The Belarus government now hopes to bolster overseas sales of potash fertiliser by expanding the number of licensed exporters.

 

Under a new decree the head of state will grant licenses at its discretion to other companies in addition to OAO Belaruskali and the Belarusian Potash Company, formerly the only two companies possessing an exclusive right to the foreign trade of potash fertiliser.

 

OAO Belaruskali is one of the world's largest manufacturers of potash fertiliser with a 16% share of the global export market and annual output in excess of 10 million tonnes. The company has a 45% stake in the Belarusian Potash Company, which is also a leading global exporter of potash fertiliser.

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