Belmarket: Russia and Belarus lose potash market on the way
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Sanctions imposed by Western countries against Russia and Belarus have also followed them, with a logistics similar to countries losing Africa’s potash market and being replaced by other suppliers such as Canada, Israel or Jordan. The publication writes about thisBelarusians and the market“.
After the supply of potash fertilizers from Russia and Belarus in Africa was suspended, import exports stopped buying them from Canada. According to the publication, in the expected month alone, prices for the supply of potassium chloride in West Africa rose by more than 250% compared to the same period last year.
If since 2019 the Russian company Uralkali has been exclusively supplying potash for purchase, now it can be replaced by the Canadian Canpotex, which is owned by Nutrien, a large potash fertilizer manufacturer. So, in May, three cargo ships with Canadian potassium are expected. In addition, Canada is also considering using suppliers in South Africa and Morocco. In addition, African countries are interested in Jordan and Israel in the potash market, the publication clarifies.
Official statistics on the export of fertilizers from Belarus is closed, however, it is assumed that due to the loss of the Klaipeda port, it has now been stopped.
In early May, it was reported that potassium supplies from Russia and Belarus in the first quarter of 2022 were registered at 20% in the same period last year. At the same time, it was emphasized that although the share of the two countries is about 40% of potash exports from abroad, they do not export fruits in the same volume.