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Turkey has complained that US and EU sanctions on Belarus restrict potash fertilizer shipments, including transit through the country. Belarus once held about 20 percent of global potassium fertilizer trade, and its share has since fallen to about 10 percent.
Restricted supply has contributed to a drop in global potash output and exports.
Reduced Belarusian potash supply tightens global potash availability, which supports higher prices and raises food-cost concerns in importing countries.
fertilizerdaily.comJan 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.
