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Belarussian Potash Firm Expects Prices Above Slashed Government Mandate

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.

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