German fertiliser mining could come out on top amid Belarus embargo
As reported by euractiv, German fertiliser mining could come out on top amid Belarus embargo. While the EU has banned the import of potash, a key mineral fertiliser, from Belarus as part of the sanctions regime, test drilling for additional potash mines in Eastern Germany looks promising.
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While the EU has banned the import of potash, a key mineral fertiliser, from Belarus as part of the sanctions regime, test drilling for additional potash mines in Eastern Germany looks promising.
The embargo on mineral fertiliser from Belarus, which supplied around a third of EU potash imports, came at the beginning of March as part of an EU sanctions package targeting Belarus for supporting Russia in its military attack against Ukraine.
Even though Germany is the world’s fourth-largest potash producer, making up 9% of global production, the EU is dependent on mineral fertiliser imports. The embargo is expected to bring significant price hikes.
But while sanctions further strain farmers, domestic producers will profit from the expected potash scarcity and the rising prices that go with it.
The bulk of Germany’s mineral fertiliser is mined in the country’s east, at the Weser and Werra rivers, where potash production has a long tradition.
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