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Global potash supply is returning to levels seen before Russia's invasion of Ukraine, as Russia and Belarus ship more product to Asia despite Western sanctions. Producers are reported to be cutting output in response to the recovered supply.
A return to pre-war supply levels and producer output cuts point to a looser potash balance, which weighs on potash prices and feed-related input costs.
reuters.comTristan VeyetOct 23, 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.
