Belarusian Intermediary Suspends Sale of Uralkali Production
OREANDA-NEWS. Belarusian Potash Company (BPC), Uralkali's joint venture with Belaruskali, through which Uralkali makes most of its potash exports, has informed Uralkali that it is temporarily suspending entry into new potash sale contracts, the Uralkali press service reported. The decision has been made in light of news that Canada-based Potash Corp has made a similar decision to suspend new potash sales following concerns expressed by Silvinit about potash supply disruptions in the Perm region in Russia. Silvinit is a Russian potash producer. These decisions could have an upward impact on potash prices, including in those markets in which Uralkali's potash is sold. BPC's decision has not affected Uralkali's production plans and Uralkali is continuing to produce potash at the planned levels and does not expect any material disruptions to its potash supplies. BPC has also informed Uralkali that it will continue to deliver produce under existing contracts.
Комментарии