Sectoral sanctions against Belarus, which currently discusses the management of the European Union, threaten the problem with the supply of potash fertilizers. This was stated in the Belarusian Potash Company (BKK), which is the trader “Belaruscalia”, reports Interfax-West.
As noted in the company, the share of Belarusian potassium accounts for more than 20 percent of world exports. The termination of its supply will inevitably lead to the “irrepable deficit” and a sharp rise in prices for this type of fertilizer.
This circumstance will be completed by the next turning price of food prices around the world, and therefore undermining the basis of international food security, guaranteed will slow down the process of the development of world agriculture and cause damage to billions of ordinary people.
The representative of the BACK referred to the forecast of the International Association of Mineral Fertilizers (IFA), which refers to the potassium deficiency on the global market until 2050. He stressed that manufacturers around the world work at full capacity, but not able to satisfy the growing demand for potassium. As a result, in separate regions, fertilizer prices doubled in less than the last six months.
According to him, the overwhelming majority of countries do not have potassium reserves, so that supply limits will reduce or stop making fertilizer into the soil. Including this concerns the most sensitive regions of the world.
According to diplomatic sources, the EU sectoral sanctions can be approved on Thursday, June 24. They will cover seven sectors, among which the production of potash fertilizers. In addition to exports to EU countries, a fertilizer transit can be prohibited, and the BCC is delivered through the port of Klaipeda and the Lithuanian railway system. Minsk can try to supply potash fertilizers through Russian ports, but this is a more complex question than supplying petroleum products.
previously became known that after the entry into force of US sanctions against the largest Belarusian oil refining plant “Naftan”, Russia ceased to supply him raw materials. In the third quarter, there are no such contracts in the plans. In addition, one of the main Russian partners of Minsk in the oil industry businessman Mikhail Gutseriev fell under the individual sanctions of the European Union.