Belaruskali Reports 3.8% Rise in Export Proceeds to USD 142.27mln
OREANDA-NEWS. The state-owned Belarusian company OAO Belaruskali says its export proceeds grew 3.8% year-on-year in January 2014 to USD 142.27 million, a source in the profile ministry told.
In January 2014 OAO Belaruskali exported 312,000 tonnes of potash fertilizer (in terms of 100% potassium chloride), to compare with 223,000 tonnes exported in January 2013.
The average price of Belarusian potash fertilizers in Jan 2014 stood at USD 456.3 per tonne to compare with USD 614.9 per tonne in Jan 2013.
Belaruskali's export proceeds reduced 22.2% year-on-year in January-December 2013 to USD 2.063 billion. In 2013 OAO Belaruskali exported 3.437 million tonnes of potash fertilizer (in terms of 100% potassium chloride), 2012 - 3.668 million tonnes. Potash export proceeds reduced as a result of falling export prices, and shrinking sale volumes.
The state-owned Belarusian company OAO Belaruskali is one of the world's largest manufacturers of potash fertilizers, employing about 18,440 personnel. It operates the Starobinskoye potash salts deposit and comprises four mine groups, auxiliary shops and support units.
Belaruskali controls more than 16% of the world's potash fertilizer market. Belaruskali facilitates potash exports through OAO Belarusian Potash Company.