Belarus to cut the price of 2014 potash exports [Reuters] - Belarus plans to cut the price of potash exports to $300 a tonne in 2014, the economy ministry said, adding to pressure on global prices for the soil nutrient already hit by the breakup of its joint venture with Russia. Belarus' sales alliance with Russian producer Uralkali fell apart in July, causing an economic headache for Belarus, where potash exports are a key foreign currency earner. "We forecast 2014 potash exports of 7 million tonnes... We cut the price to $300 per tonne," Deputy Economy Minister Alexander Yaroshenko told a meeting in parliament on Thursday. The shipments will be priced at a significant discount to the $379 per tonne average that Belarus recorded for exports in the first eight months of 2013 |