India ready to buy 2.7m tonnes of Belarusian fertilizers, Bangladesh 750,000 tonnes

MINSK, 21 November (BelTA) - India is ready to buy 2.7 million tonnes of potash fertilizers from Belarus, Bangladesh at least 750,000 tonnes, Prime Minister Mikhail Myasnikovich reported to President of Belarus Alexander Lukashenko on 20 November, BelTA learnt from the press service of the head of state.

Alexander Lukashenko was briefed on the results of the recent visits of the Prime Minister to Kazakhstan, Bangladesh and India, the prospects of the Belarusian presence in the region.

Great prospects are connected with potash fertilizer supply. India is prepared to buy 2.7 million tonnes of potash fertilizers from Belarus, which actually meets its full demand. The Prime Minister informed that in the near future Belarus will welcome delegation of the Ministry of Chemical Industry and Fertilizers of India to negotiate the price formula for 2013 and subsequent years.

The Indian side also confirmed its consent to participate as an investor in the Petrikov deposit development project. Currently, geological surveying is in progress there. In addition, it was agreed that India would review the issues related to anti-dumping policy.

Agreements have reached with Bangladesh to deliver at least 500,000 tonnes of potash fertilizer. Another 250,000-300,000 tonnes will be bought up by commercial entities.

According to Mikhail Myasnikovich, the visit was very fruitful. Long-term contracts were concluded to supply BelAZ and MAZ vehicles, to start the assembly manufacture of tractors, dump trucks in Kazakhstan, and also to build plants to produce food in Bangladesh and Kazakhstan. The head of state instructed to build up the Belarusian presence in the markets of these countries.