The trading arm of state potash producer Belaruskali — Belarussian Potash CompanyBPC — said Friday it expects its 2014 potash prices to be above the level set by the country's Economy Ministry.
A day earlier, Deputy Economy Minister Alexander Yaroshenko said Belarus plans to cut potash export prices to $300 a ton in 2014, adding to pressure on global prices for the soil nutrient already hit by the breakup of Belarus's joint venture with Russia.
"Yaroshenko disclosed the minimum price … We expect the price to be higher next year," BPC representative Irina Savchenko said.
The deputy minister also forecast the country would export 7 million tons of potash in 2014, up from 6.1 million tons in 2012. BPC did not comment on the volume of its future sales.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
