30 May 2007
Representatives of Belarusian Potash Company elected to Council, general standing committee of International Fertilizer Industry Association
Representatives of the Belarusian Potash Company (BPC) were elected to the Council and a general standing committee of the International Fertilizer Industry Association (IFA), reported the company's press office.
According to it, the election was held at the May 21-23 75th IFA Annual Conference in Istanbul, Turkey. BPC Director General Uladzimir Nikalayenka became a member of the Council and First Deputy Director General Aleh Pyatrow to the Production and International Trade Committee. Representatives of RUP VA Belaruskaly and OAO Uralkaly, stockholders of the BPC, were also elected to the Council and general standing committees.
Attending the conference were representatives of leading manufacturer, suppliers and purchasers of fertilizers, such as PCS, Mosaic, Agrium, APC, OPC, Yara, Canpotex, Trans Ammonia, Bunge, Sinochem, CNAMPGC, and others.
Participants reportedly noted an upward trend in international potash fertilizer prices. "The global consumption of potassium chloride will grow, fueled by rapid economic growth in developing countries," the BPC press office said. "Asian countries, such as India and China, and also Latin American countries will become major consumers of this raw material."
Industrial capacity growth around the world is expected to be slow and demand for potash fertilizers is expected to increase, which will trigger a rise in prices, according to the press office. During the IFA conference, major suppliers and manufacturers of potash fertilizers announced a rise in their products' prices in a number of regions.
The Belarusian Potash Company was set up in April 2005. Belaruskaly and Russia's Uralkaly hold 50-percent stakes in the company. Through the BPC, Belaruskaly and Uralkaly reportedly provide 30 percent of the world's potash supply. Among its importers are African and European countries, India, China, the USA, the Pacific region, Central and South America. The BPC has representative offices in Beijing, New Deli, Singapore, San Paolo and Chicago. //BelaPAN
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