10 february 2021

Belarusian Potash Company reaches an agreement to settle the Chinese contract

On February 10, 2021, Belarusian Potash Company reached an agreement with the Consortium of Chinese Buyers (Sinochem, CNAMPGC, CNOOC)on contract price at US$247/mt. The price is valid for 2021 with supplying period till December 31,2021.

This agreement is the next important step in strengthening the stability of the global potash market and a positive signal for further price increases. The achievement of a new Chinese contract price  that follows the Indian creates a solid foundation for sustainable potash demand and an incentive for positive price dynamics.

BPC extends its gratitude to the Consortium of Chinese Buyers for fruitful cooperation.

For the reference

JSC Belarusian Potash Company was established in 2013. It is an exclusive exporter of potash fertilizers produced by JSC Belaruskali. Over the past few years, the company has maintained a strong leadership in the global export of potash fertilizers. Over the\ years of its activity, BPC has delivered Belarusian potash to nearly 140 countries. The People’s Republic of China is the largest potash consumer in the world, and the companies that form the Consortium of Chinese Buyers are long-term and reliable partners of BPC.