# BHP expects more turmoil in fertilizer market

> BHP potash president Karina Gistelinck said conflicts in the Middle East and export curbs by Russia and China add volatility to fertilizer markets. She expects a temporary dip in potash demand because higher ocean freight costs and nitrogen-led NPK blending will reduce consumption in the short term. Brazil's need to restore soil nutrients could later bring stronger catch-up demand.

- Date: 2026-03-31 · published 2026-03-31T12:00:00.000Z
- Category: geopolitics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/20496-bhp-expects-more-turmoil-in-fertilizer-market
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A short-term demand dip could soften potash prices, while later catch-up purchases in Brazil could tighten supply. Higher ocean freight raises landed fertilizer costs for importers.

## Read by commodity

- POTASH: neutral
- OCEANFRT: bullish ▲

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/agribusiness/news/2026/03/31/bhp-expects-more-turmoil-in-fertilizer-market.ghtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.