17 Jun 2010 11:50

Belarus boosts potash fertilizer exports 4.6-fold in 4 mths

MINSK. June 17 (Interfax) - Belarus boosted potash fertilizer exports 4.6-fold year-on-year in January-April to 1.44 million tonnes in 100% nutrient equivalent, Belstat, the national statistics agency, told Interfax.

The average price per tonne fell 43.5% to $534, thus overall exports doubled in value to $771.4 million.

Belarusian nitrogen fertilizer exports fell 0.4% year-on-year in the four months to 45,300 tonnes and averaged at $527 a tonne, up 4.1% year-on-year, or a total of $23.87 million, up 4.6%.

The country's Belaruskali Production Association produces around 15% of the world's potash fertilizer and accounts for just over 16% of world exports. It sells potash via Belarusian Potash Company (BPC) which it owns jointly with Russia's Uralkali , and which expects Belarusian potash exports to rise 66% this year to 4.9 million tonnes.

OJSC Grodno Azot produces the nitrous fertilizer.