Belaruskali to boost Oct sales by up to 100,000 T - trading arm

Reuters

MINSK, Oct 22 (Reuters) - Belarusian state potash producerBelaruskali plans to boost sales by up to 100,000 tonnesmonth-on-month in October, the firm's trading arm told Reuters,a bid to build up trading momentum after the collapse of aRussia-Belarus joint venture.

Belaruskali has had to form a new strategy since the breakupof a sales alliance with Russian potash giant Uralkali in July, which threatened to push the global potash price downas much as 25 percent in the second half of 2013.

Belaruskali sold 350,000 tonnes of fertiliser in Septemberand plans to increase sales to between 420,000 and 450,000tonnes in October, said Irina Savchenko, a spokesman for thefirm's trading arm said on Tuesday, declining to name prices.

The Uralkali-Belaruskali joint venture sold 410,000 tonnesof Belaruskali's production in October 2012.

In July, Uralkali said it expected global potash prices tofall to below $300 per tonne in the second half - from $400 atthat time - because of its decision to leave the alliance.

The company has since changed its mind and, citing robustglobal demand, expects prices to stay above $300, but has saidthat attempts by Belaruskali and other producers to placevolumes could put pressure on prices.

Savchenko denied Belaruskali's trading arm, the BelarusianPotash Company's (BPC's), bid to boost sales would weaken themarket.

"BPC is a disciplined company. We are in no way loweringprices or dumping," she said.

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