Belaruskali reconsidered decision to unite with Uralkali

The company sees no necessity to set up an export cartel with Russia to sell potash fertilizers.

It has been stated by Belaruskali CEO Valery Kiryenka, BelTA reports.

“If there would be profitable conditions for us and for the Russian side, why not work together, but there are no such conditions so far. It is too early to speak about creating one trader, first we should go through what we are experiencing now, and then speak about a cartel,” the chief executive believes. “But generally my point of view is: considering that in the near future, in 2017 – 2018, additional new players are going to emerge in the market, and there would be still a strategy primarily focused on volumes, I do not see any necessity to create a joint trader.”

At the same time Valery Kiryenka underlined that it is an opinion as of today, and a different situation may exist in the future. Then the company would have to think what is more profitable.

“The Belarusian potash company has proved it can work effectively. I would not like to fall into the same trap – each of the manufacturers is going to take advantage of the other in this or that way,” Valery Kiryenka believes.