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MOSCOW, December 24, 21:24 /ITAR-TASS/. Belarus’ production of potash fertilisers, which is under cognizance of the state-run Belaruskaly company, decreased by 14.1 percent in January-November 2013, as compared to the same period of 2012, and stood at 3.9 million tonnes, the National Statistics Committee of the Republic of Belarus says.
In November, the potassium fertiliser production dropped by 13.9 percent on November 2012 and went down by 10.9 percent on October 2013 to total 246,000 tonnes.
The Belaruskaly company one of the world’s biggest producers of potassium fertilisers. The company’s output capacity is expected to go up to 11 million tonnes by the end of 2013 and to reach 12.5 million tonnes before the end of 2020. Early, jointly with Russia’s Uralkaly JSC the company set up the Belarusian Potassium Company (BKK) JV in order to trade in the biggest part of its products on the market.
However, due to the conflict, which appeared between the two companies in July 2013, Uralkaly declared about the suspension of trade in its products through the JV, which triggered a slump of market prices for potassium fertilisers. These developments had a negative impact on the Belaruskaly’s financial indicators, which form the biggest part of the export revenues in the Belarusian budget.