Petrovsky: Belarusian potash can return to the European market through intermediaries

Political scientist Peter Petrovsky believes that the European market may face a shortage of fertilizers, including potash. On the air of the talk show “ObjectiveNo” on ONT, he said that in case of a change in the supply schemes, Belarusian potash can get to the EU countries through intermediaries and at a higher price.

“There will be a very interesting moment here with the European Union market. Why? Because there is a certain shortage of fertilizers – not only potash, Petrovsky said.

According to him, European countries will probably have to buy the necessary resources, even if they come on indirect routes and with an additional markup.

Most likely, the Americans will sell Belarusian potash there, but at a different price. And the Europeans will have to buy, because today the European Union is in great need of fertilizers, he said.

Petrovsky noted that a similar scheme, in his opinion, is already applied to other raw materials. In particular, he mentioned nitrogen fertilizers, oil and gas that are supplied to the European market from the Middle East.

“They are already doing the same thing – only not with Belarusian, but with Middle Eastern nitrogen fertilizers, oil, gas and other raw materials,” he said.

The analyst also criticized the economic course of the European Union, saying that the current policy increases the dependence of the European market on more expensive external supplies. At the same time, specific routes for possible supplies of Belarusian potassium and estimates of the volume of shortages in the air were not specified.