
First Deputy Prime Minister Nikolai Snopkov said the first and second construction phases of the Nezhin mining and processing plant in Belarus are commissioned, with output of 500,000 tonnes of potassium chloride expected this year and a 1 million tonne annual capacity by next year. Some unfinished works remain, and President Lukashenko demanded the plant be perfected before full commissioning.
Additional Belarusian potash output adds to global supply and export revenue, which is bearish for potash prices as the new capacity comes online.
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