China sees little impact from sanctions on potash exports, says top fertiliser firm

BEIJING : Sanctions on exports of potash fertiliser from Belarus and Russia are not impacting supply in China, an executive from state-owned fertiliser maker Sinofert Holdings said on Wednesday, due to sufficient domestic stocks.

Exports from Belarus were sanctioned by Washington last year after the country's president crushed protests following elections in 2020. China produces about 5.5 million tonnes of potash, and also has some strategic reserves and commercial stocks, Feng Mingwei, executive director of Sinofert told reporters after its annual earnings, allowing it to"maintain a relatively normal state".Feng added however that the company, a unit of Syngenta Group and the country's top fertiliser producer, was in discussions on next steps.

Washington gave clients of the Belarus Potash Company until April 1 to wind down their business with the firm.

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