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Belarus to bypass USA, EU traders to directly sell fertilizers to Africa, Latin America
MINSK, 5 January (BelTA) – Belarus will organize direct shipments of potash fertilizers to Africa and Latin America without the assistance of American and European mediators, BelTA learned from First Deputy Prime Minister of Belarus Nikolai Snopkov after the Belarus president hosted a government conference on 5 January to discuss the export of Belarusian goods.
Belarusian potash fertilizers remain in demand on the world market despite the pressure of Western sanctions. Because the food security of the countries that buy Belarusian fertilizers depends on it. “The markets buy our fertilizers. Traditional markets are buying more of them,” Nikolai Snopkov stressed. The United States of America and the European Union are the only two regions that refuse to buy Belarusian fertilizers. “But those volumes are not so large as to worsen our sale situation,” the official explained. Nikolai Snopkov said he believes that direct shipments of potash fertilizers from Belarus to Africa and Latin America will be arranged in 2023. Deliveries had to go through traders in the past. The relevant groundwork has already been done.
Belarus may also increase sales of potash fertilizers on traditional markets by reducing the price, which was rather high in 2022. “The high price naturally reduced the volume of consumption on traditional markets, including of potassium. Farmers couldn’t pay as much. We see the price is going down. It will be more or less fair next year -- $420-450 per tonne on the potash market. Respectively we expect an increase in sales and it is confirmed by our negotiations,” the official said.
Summing up what’s been said, Nikolai Snopkov noted that Belarus expects an increase in sales of potash fertilizers on traditional markets and in new regions of Africa and Latin America where the fertilizers will be sold without the assistance of American and European intermediaries. In his words, in 2023 Belarus intends to sell as much potash fertilizers as it did in 2019-2022.
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