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Belarus's ambassador to Russia called for the swift lifting of EU and US sanctions on Belarusian potash and restoration of transit through the Baltic states. He said Belarus once held 22.5% of global potash trade and that its 2022 export contraction cut the world market by 16%.
Sanctions keep a major share of global potash supply off world markets, which supports fertilizer prices; any lifting would add supply and be bearish.
interfax.comSep 15, 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.
