Belarus’ potash fertilizers export down 0.8% in Jan-Aug 2020 to 4.508m tonnes
<p> MINSK, Oct 29 - PrimePress. Belarus reduced the export of potash fertilizers in January-August 2020 by 0.8% year on year to 4.508 million tonnes in terms of 100% nutrient content, reads the official statistical report. </p> <p> </p> <p> In value terms, the export decreased in Jan-Aug 2020 by 23.3% year on year to $1.578 billion. </p> <p> </p> <p> The average export price of Belarusian potash fertilizers in Jan-Aug 2020 stood at $350 per tonne, down 22.7% year on year. </p> <p> </p> <p> The decrease was due to the unfavourable price environment in the global potash market since mid-2019. </p> <p> </p> <p> Belaruskali OJSC (Soligorsk, Minsk Oblast) had to reduce output and only utilize nearly 30% of its capacities from September 2019 to April 2020 due to demand/supply imbalances that resulted in falling prices of potash fertilizers. </p> <p> </p> <p> Besides, negotiations between the Belarusian Potash Company (Belaruskali trader) and China on a new long-term contract were complicated by the COVID-19 pandemic. As a result, Belaruskali did not have long-term supply contracts with China from July 2019 to April 2020, and with India from July to October 2019. The BPC managed to enter into a contract with China as late as the end of April 2020 on supplies at $220 per tonne ($70 below the previous contract price) and with India on May 18, 2020 at $230 per tonne ($50 below the previous price). </p> <p> </p> <p> As previously reported, Belarus reduced the export of potash fertilizers in 2019 by 5.8% year on year to 6.23 million tonnes in terms of 100% potassium chloride. In value terms, the export increased in 2019 by 2.3% yoy to $2.78 billion. The average export price of Belarusian potash fertilizers in 2019 stood at $445.8 per tonne (up 11.3% from 2018). End </p>
2020-10-30
Primepress
Belarus’ potash fertilizers export down 0.8% in Jan-Aug 2020 to 4.508m tonnes
MINSK, Oct 29 - PrimePress. Belarus reduced the export of potash fertilizers in January-August 2020 by 0.8% year on year to 4.508 million tonnes in terms of 100% nutrient content, reads the official statistical report.
In value terms, the export decreased in Jan-Aug 2020 by 23.3% year on year to $1.578 billion.
The average export price of Belarusian potash fertilizers in Jan-Aug 2020 stood at $350 per tonne, down 22.7% year on year.
The decrease was due to the unfavourable price environment in the global potash market since mid-2019.
Belaruskali OJSC (Soligorsk, Minsk Oblast) had to reduce output and only utilize nearly 30% of its capacities from September 2019 to April 2020 due to demand/supply imbalances that resulted in falling prices of potash fertilizers.
Besides, negotiations between the Belarusian Potash Company (Belaruskali trader) and China on a new long-term contract were complicated by the COVID-19 pandemic. As a result, Belaruskali did not have long-term supply contracts with China from July 2019 to April 2020, and with India from July to October 2019. The BPC managed to enter into a contract with China as late as the end of April 2020 on supplies at $220 per tonne ($70 below the previous contract price) and with India on May 18, 2020 at $230 per tonne ($50 below the previous price).
As previously reported, Belarus reduced the export of potash fertilizers in 2019 by 5.8% year on year to 6.23 million tonnes in terms of 100% potassium chloride. In value terms, the export increased in 2019 by 2.3% yoy to $2.78 billion. The average export price of Belarusian potash fertilizers in 2019 stood at $445.8 per tonne (up 11.3% from 2018). End