Belaruskaly’s trader to sign contract with India
The traditional procedure for concluding contracts on the potash market could again be broken. In 2015, the Belarusian Potash Company (BBK) already managed to overtake Uralkaly, concluded the first major export contract, now India can replace China as importer, sets price trend on the market. Most likely, BBK will again first sign a contract with Delhi, but the price could collapse from $332 to $210 per ton of potassium and, as experts believe, in the future we shouldn’t expect a significant growth - especially if China abandons long-term contracts with exporters at all.
The Belarusian President Alexander Lukashenko said yesterday that the trader of Belaruskaly BBK signed a supply contract with India and is ready to sign contracts with Brazil. Then BBK corrected the President, said that it "was finalizing" the agreement with Indian importers, it could be concluded before the end of June. Possible price and volumes haven’t been disclosed. Last year, BBK was also the first company on the world market, which concluded a major contract, but not with China.