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Belarusian President Alexander Lukashenko proposed coordinating with Russian fertilizer producers on a 10% cut in potash output. The aim is to lift potash prices on the global market.
The proposal was reported by the state news service Belta.
A coordinated supply cut from two producers that together supply roughly a third of world potash could firm prices and raise input costs for farmers. The proposal is not yet agreed, so the price effect is uncertain.
bloomberg.comBloomberg NewsNov 4, 2024Not 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.
