
Uralkali plans shutdown maintenance at several mines in Q2 and Q3 2025, cutting potash output by at least 300,000 tonnes in Q2, and aims to raise domestic sales by 400,000 tonnes. Belaruskali has rerouted exports through Russian ports after EU and US sanctions disrupted Lithuanian logistics, and the US has signaled possible easing of sanctions on Belarusian potash.
Lower Russian output and possible US easing of Belarus sanctions create competing supply effects on global potash, with the net result uncertain but leaning toward firmer prices if maintenance cuts hold.
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.