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A Centre for Eastern Studies commentary says Belarus's potash sector has been hurt by US and EU sanctions since 2021. Belaruskali lost use of the Lithuanian port of Klaipeda and now relies on costlier Russian routes.
Sales rose to China in 2023 but fell to the EU and India.
Sanctions and longer export routes limit Belarusian supply to key buyers, which supports potash prices. Reliance on China only partly offsets the lost markets.
osw.waw.plKamil KłysińskiNov 20, 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.
