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Lukashenko said Belarusian potash sales have returned to pre-sanction levels despite Western restrictions on the industry. Belarus historically exported 10-11 million tonnes annually, about 20% of the global potassium chloride market.
Recovery of Belarusian supply adds significant potash tonnage to the global market, which is bearish for prices given existing oversupply. Buyers may see more availability and easier pricing.
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.