Belarusian Potash Fertilizers Exports to Hit Record in 2014

Belarusian Potash Fertilizers Exports to Hit Record in 2014

Exports of Belarusian potash fertilizers are expected to exceed 9 million tonnes in 2014, against 8 million tonnes of last year, Director General of Belarusian Potash Company (BPC) Yelena Kudryavets has said.

“We expect that the export of potash fertilizers will exceed 9 million tonnes this year. It will be a record high for the company, roughly 1 million tonnes above our previous accomplishments”, said the BPC Chief, citing talks and meetings with potential buyers in Iran, Malaysia and Italy.

Belarusian Potash Company (BPC) was established in April 2005 by the Belarusian industrial group Belaruskali (OAO Belaruskali) and the Russian public joint-stock company Uralkali.

OAO Belaruskali is one of the world’s largest manufacturers and exporters of potash fertilizers. According to the International Fertilizer Industry Association, Belaruskali accounts for 14% of the world’s potash fertilizers production.

Belaruskali exports products to over 70 countries. In Q1 2014, the main customers included Brazil (nearly 34%), China (over 18%), and Malaysia (9%).
The company comprises four mine groups as well as auxiliary divisions. The state owns 100% of the shares in OAO Belaruskali.