BPC signs memorandum with CNAMPGC to ship over 500,000 tonnes of potash to China in 2019-2023
21 May 2019
MINSK - The Belarusian Potash Company (BPC) and China’s CNAMPGC have signed a memorandum on shipping to China over 500,000 tonnes of potash in containers in 2019-2023, the BPC press-service said in a statement.
“The agreement represents a major addendum to the previously signed five-year memorandum of cooperation on selling potash fertilizers to the CNAMPGC,” the BPC press service added.
Since Jan 2019, the BPC and CNAMPGC have been testing deliveries in containers. The development of potash shipments in containers to China represents a promising avenue of business since it creates a higher level of service, the BPC said.
In 2018 container shipments accounted for some 10% of the BPC’s total export.
BPC chief Yelena Kudryavets said the Belarusian Potash Company intends to continue optimizing potassium deliveries to the Chinese market by improving logistic solutions, adapting to needs of Chinese agriculture, and confirming broad prospects of interaction between Belarus and China.
Established in September 2013, the Belarus Potash Company (BPC, dedicated export trader in Belarusian potash fertilizers) has regional dealerships in Delhi, Beijing, Singapore and Sao Paulo. BPC facilitates potash exports to Europe, India, China, Central and South America, Asia Pacific, Africa and the Middle East. Belarus Potash Company is a key export trader of OAO Belaruskali. The state holds a 52% stake in the BPC statutory capital. The BPC accounted for 20.5% of global potash trade in 2018, shipping Belarusian potash to 130 countries.