OREANDA-NEWS. December 13, 2012. Belarus hopes to see its potash fertilizer exports to India at 2.1-2.7 million tonnes per annum within the framework of the preliminary agreement made by Belarusian Premier Mikhail Myasnikovich and his Indian counterpart Manmohan Singh.

Belarus’ Deputy Foreign Minister Sergei Aleinik made a statement to this effect at press-conference on Wednesday.

An Indian business delegation is expected to visit to Belarus in two weeks’ time to discuss shipments of Belarusian potash fertilizers, Aleinik informed. In his opinion, it is quite likely that the parties may agree on having as much as 2.1-2.7 million tonnes of Belarusian potash fertilizer supplied to India on a yearly basis. It is a matter of commercial negotiations, the Belarusian vice minister said.

According to Aleinik, Belarusian Potash Company (BPC) signed a memorandum on long-term partnership with Bangladesh to supply up to 1 million tonnes of potash fertilizer to that country on a yearly basis.

BPC exported 4.698 million tonnes of potash fertilizers in 2011, up 12.4% year on year, China and India being major consumers.

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%, Belarusian Railways (5%) and Russia’s Uralkali with 50%.

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