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Brazil Potash CEO Matt Simpson says global potash supply is concentrated in Canada, Russia and Belarus, which together supply over 80 percent of seaborne potash. He notes that Brazil and the US are highly import dependent and that no alternative supplier has scale to displace Russia and Belarus.
Concentrated supply and rising trade tensions raise the risk of potash supply disruptions, which supports potash price levels for buyers.
Not 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.