Relevance of all aspects of security. The stupidity of Lithuanian politicians. The first in Canada's reserves. The importance of the Lao base. The main role of potassium fertilizer is to increase yield and resist lodging. Potassium fertilizer is an indispensable element for crop growth and has an important impact on food production. China's import dependence on potash fertilizers is as high as more than 50%. On January 12, 2022, Lithuania announced the termination of a transport agreement between its state-owned railway company and Belarusian state-owned potash producer Belaruskali, saying that sanctioned countries could not use Lithuania for exports. Belarusian Potash Is one of the world's largest suppliers of mineral fertilizers, accounting for nearly 20% of global potash exports. Belarus is rich in potash mineral resources, with reserves of 750 million tons of potassium oxide, second only to Canada. The potash resources of the Belarusian Potash Company are mainly located in the Stariobin Potash Deposit, which was formed 3.6 million years ago and covers an area of about 350 square kilometers, making it one of the largest deposits in the world. The main buyers of potash fertilizer in Belarus include China, India and Malaysia in Asia, Brazil and the United States in the Americas. According to the Ministry of Commerce, the mainland imported 1.87 million tons of potassium chloride from Belarus in 2019, second only to Canada and Russia. In 2019, China imported potash fertilizers from Canada, the Russian Federation and Belarus of US$981.861 million, US$633.193 million and US$554.005 million respectively.
Potash fertilizer is one of the three major fertilizers for agricultural cultivation. China is the world's largest consumer and importer of potash fertilizer, potash fertilizer demand accounts for about 20% of the world, the mainland imports about 8 million tons of potash fertilizer every year, and the import dependence is 50%. As a raw material for the production of potash fertilizer, China's potash ore (potash) resources are scarce.
The global potash resources are concentrated. According to the USGS World Minerals Abstract 2021, Canada, Belarus, Russia, and China account for 75% of the top four countries in terms of potassium oxide equivalent, of which China accounts for 9.42%. Potash fertilizers are mainly produced in Canada (30%), Belarus (18%), Belarus (18%), and the three regions account for 66% of the total global production capacity.
As the world's leading potash exporter, more than 95% of potash exports are transported through the Klaipeda port in Lithuania, a member of the European Union, of which low moisture content of 40%-62% accounts for nearly 80%.
Because the import volume of the mainland is much larger than that of India, and the self-sufficiency rate is high, india's potash fertilizer demand is all dependent on imports, and the pricing power is weak, so the import price of potash fertilizer on the mainland has been lower than that of India over the years, and it is in the depression of the international market. On February 10, 2021, the China Potash Joint Negotiation Team negotiated with the Belarusian Potash Company (BPC) to agree that the new standard potassium chloride import price for 2021 would be CFR 247 US dollars / ton, and on April 5, India signed a sales contract with ICL CFR 280 US dollars / ton, while BPC covered the previous contract at the same price.
Laos is rich in potash ore resources, with proven basic reserves of 10.3 billion tons, which is buried for land deep soluble solid potash ore. The development of potash mines in Laos is the need for political and economic cooperation between the Chinese and Lao governments.
