BPC sells potassium chloride into Brazil $85/tonne below target

17 December 2009 15:51  [Source: ICIS news]

LONDON (ICIS news)--Belarusian Potash Company (BPC) has sold potassium chloride (MOP) at $85/tonne (€59/tonne) lower than its previous target level to protect its Brazilian market share, a company source said on Thursday.

BPC reported two 30,000 tonne granular MOP sales at $400/tonne CFR (cost and freight) to a combination of Brazilian buyers for December shipment.

BPC had previously been offering product for December at $485/tonne CFR but said some of its competitors were completing sales at lower prices.

Therefore, to "protect market share" BPC completed the sales at $400/tonne CFR. 

These latest sales illustrate the continued pressure on global potash prices, a result of weak demand.

BPC exports potash on behalf of Russian supplier Uralkali and Belarusian producer Belaruskali.

($1 = €0.69)

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By: Carl Roache
+44 20 8652 3214

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