By Andrey Krivosheev: Alexander Lukashenko has discussed in detail the economy of the potash industry. At a meeting with Russian businessman Mikhail Gutseriev, the national projects in Petrikov and on Starobinsky deposit were discussed. According to experts, after implementation of these projects, Belarus will become a world leader in the production of potash fertilizers.
The last 4 years were extremely complicated for the world potassium market: the global crisis, tough competition reaching trade wars, including espionage and bribing of professionals, dumping, climate change. All this brought down the prices for fertilizers by half. Today the average price in the world is 300 - 350 dollars per ton.
Belarus is one of the world’s leaders in this sphere owing to the product quality, unconditional decency and reliability of supply, state control at the highest level and our long-term reputation. Major deals with numerous countries are negotiated at the level of Presidents and Prime Ministers.
In the first half of the year 2017 exports have reached 3 and a quarter million tons. Growth of more than 40% is observed in comparison with the previous year. The average contract price is 343 dollars.
The innovative strategy of expanding the Belarusian niche in the world market is indicated by the President.
We are one of the world’s leaders in the potash industry. After implementation of two national projects in Petrikov and on Starobinsky deposit, we will become the leader in the production of potassium fertilizers in the world.
The projects were discussed by the President and strategic investor Chairman of the Board of Directors of Slavkalii Mikhail Gutseriev.
The project is ambitious. The amount of investments will exceed half a billion dollars in only 2 years. Two-thirds of the investment amount is a loan from Chinese partners.
This year, the volume of investments is $ 164 million of which $ 123 million is invested by Belarus, $ 41 million is a Chinese loan. Next year, Belarus will invest $ 60 million in the project. China will provide $ 340 million.
The total capacity of the project is 2 million tons per year for the growing markets of Latin America, Southeast Asia, Brazil and even the US.












