Belarusian Potash Company raises potash price for Brazil

27 September 2011 16:21  [Source: ICIS news]

LONDON (ICIS)--Leading potash exporter Belarusian Potash Company (BPC) has raised its prices by $30/tonne (€22/tonne) for sales into Brazil effective from 1 October, the company announced on Tuesday.

Large-scale buyers will now pay $580/tonne CFR (cost & freight) for granular muriate of potash (MOP) and the price for smaller purchases will be $590/tonne CFR.

BPC cited strong demand and tight product availability as key drivers behind the price hike, which will be valid through the fourth quarter of 2011.

Buyers, however, have said there is little interest even at the lower levels reported in the current $550–560/tonne CFR range and that well-stocked inventories do not back the bullish stance taken by producers.

They expressed doubt that the price increase could be achieved by the end of the year.

BPC is a key exporter of fertilizer to Brazil, India and China and sells up to 12m tonnes of potash to more than 60 countries each year.

($1 = €0.74)

By: Karen Thomas

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