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A potash deposit in the Sergipe-Alagoas Basin in Brazil has been reported as containing a sylvinite layer with potential reserves above 3 billion tonnes. South Atlantic Potash is targeting annual output of 2 million tonnes.
A new domestic Brazilian potash source could eventually reduce import dependence and add supply to a market Brazil relies on heavily. The project is long-term and has little near-term price effect.
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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.