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Belarusian potash exports to China rose in August to $57 million from $45 million in July, the first increase after several months of decline. The article argues the rise masks deteriorating market conditions, as Belaruskali had to ship a record one million tonnes for export to gain only a small revenue increase.
Record volumes with weak revenue signal oversupply and downward pressure on potash prices, which benefits fertilizer buyers.
charter97.orgSep 22, 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.
