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Belarus says Western sanctions and bans on Belarusian potash and fertilizer transit are cutting global potash supply and harming food security. It cites a 20.2% drop in global potash exports in the first half of 2022 compared with 2021.
Belarus's share of African potash imports reportedly fell from 41.7% to 2.8% in 2022.
Sanctions and transit bans have removed a large share of Belarusian potash from world trade, which tightens global supply and supports potash prices. Belarus's claims are its own position, and the restrictions remain in force.
wenewsenglish.comWeb DeskOct 26, 2023Not 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.
