Uzbek potash fertilizers export to Indonesia to be increased

Uzbek potash fertilizers export to Indonesia to be increased

BAKU, Azerbaijan, Sept. 26

By Klavdiya Romakayeva - Trend:

In 2020 the export of potash fertilizers from Uzbekistan to Indonesia will amount to 130,000 tons (an increase of 1.5 times), Trend reports with reference to Dunyo information agency.

Indonesia is one of the world leaders in the production of a large range of agricultural products. At the same time, Indonesia does not have its own sufficient reserves of raw materials and capacities for the production of potash fertilizers. The annual import of potassium chloride in Indonesia is about four million tons, worth over $865 million.

If at the end of 2019, some 84,000 tons were exported from Uzbekistan to Indonesia, then over the past less than nine months of this year, 75,000 tons have already been shipped and taking into account the already signed contracts for 2020, the export of potash fertilizers from Uzbekistan to Indonesia will amount to 130,000 tons with an increase of 1.5 times.

Today, 70 percent of potash fertilizers shipped from Uzbekistan fall on Indonesia.

Earlier supplies were carried out through international trading companies, but in 2020 direct contracts were signed for an additional 40,000 tons with the five largest consumers in Indonesia.

This year, Uzkhimprom JSC chemical industry for the first time took part in a state tender for the supply of potash fertilizers in 2020 to Pupuk Indonesia state joint stock company, which holds international tenders twice a year for the purchase of 750,000 tons and is the largest consumer and processor of chemical fertilizers in the South-East Asia region.

Based on the results of this tender, Uzkhimprom JSC received the right to supply along with such major market players as the Canadian Canpotex International, the Russian Uralkali, and the Chinese Sino Agri International Potash Co., LTD. As a result, supplies from Uzbekistan with the implementation of this contract (50,000 tons) will increase by another 24 percent.

In order to increase the competitiveness of supplies from Uzbekistan, constant work is being carried out to reduce transport costs. As a result, transportation costs on the route Tashkent - Vladivostok - Surabaya (Indonesia) and Tashkent-Qingdao (China) - Surabaya (Indonesia) were reduced from $145 per ton to $85-90 per ton or 1.7 times.

Today, out of 40 containers daily shipped by the Dekhkanabad Potash Fertilizer Plant for export, 25 containers are shipped to Indonesia.

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Follow the author on Twitter: @romakayeva

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