Byelorussian Potash Company (BPC) involved in exclusive delivery of potash fertilizers for such facilities as Belaruskali and Uralkali decided to increase prices for countries of South-Eastern Asia and Brazil. The price tag has been revised because these countries have a higher demand for this type of products.
How much will a ton of potash fertilizers cost now? According to BPC's official press-release, a ton of standard and granulated potassium chloride will now cost 430 and 450 US dollars, respectively. These prices are on CFR terms, i.e. they include such costs as export clearance of goods + delivery of goods to the main carrier + loading on the vessel + carriage of goods to the destination port. Major and small importers of granulated potassium chloride in Brazil will be charged 440 and 450 US dollars, respectively. These prices will be effective till the end of Q1 2011. According to BPC’s General Director Vladimir Nikolayenko, this growth of prices will surely have a positive effect on the producer (in particular) and the entire industry (on the whole).Besides, BPC has been unable to meet the growing demand for potash fertilizers in regions of South-Eastern Asia and Brazil over the past couple of months. Prices should be raised following the logic of market economy, and this will ensure an additional inflow of foreign currency to the Republic in general and additional funds to the industry, in particular. This increased demand for potash fertilizers has been caused by rising prices of agricultural products in the world and a limited quantity of potash products held in stock by producers and consumers. Text: Dmitriy Frantsevich
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