OREANDA-NEWS. October 5, 2011. The Belarusian Potash Company (BPC) has announced a USD 30 increase in prices for granular potash in Brazil effective from October 1, 2011. The price has gone up to USD 580 per metric ton on CFR basis for larger buyers and USD 590 pmt on CFR basis for smaller buyers. The new price is going to be valid for the 4rd quarter of 2011.

“Exceptionally strong demand caused by tight availability of product is the major driver of price growth”, BPC press-secretary Filipp Gritskov said.

Since July 2011 Brazil’s prominent importers have been paying for granular potash supplied from Belarus at USD 550 per tonne, petty consumers - USD 550 per tonne.

Established in April 2005, Joint Stock Company “Belarusian Potash Company” (BPC) the sole exporter of potassium fertilizers produced by Belaruskali and Uralkali.

The BPC shareholding structure includes Belaruskali with 45%, the Belarusian Railways (5%) and Russia’s Uralkali with 50%.

At the moment, BPC controls 42% of the world’s potash fertilizer market.