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EU sanctions on Belarus are disrupting the transit of Belarusian potash through Lithuania. Belarus accounts for about 20% of global potash trade.
Reuters reported the restrictions as a significant blow to a key export route.
Belarus is one of the largest potash exporters, so restricting its transit route tightens global supply and supports higher potash prices. The impact on farm input costs could be significant.
reuters.comJun 24, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
