Belarus exports about 10-12 million metric tons of potash annually, which accounts for a fifth of the global supply. Amongst its major receivers include Brazil, India, and China.
Recent news reports suggested that the government announced a cut in prices of fertilisers such as Diammonium Phosphate (DAP). Speaking to CNBC-TV18, Satish Chander of the Fertiliser Association of India said only government fertiliser companies have been told to cut prices. Pricing power is with private companies, he said.