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Belarus and Brazil are discussing restoring Belarusian potash exports to Brazil, according to Brazil's ambassador in Minsk. The talks also covered Belarusian purchases of Embraer aircraft.
Belarus previously supplied up to 20% of Brazil's potassium fertilizer before sanctions.
A possible return of Belarusian potash to Brazil would add supply to a market where Brazilian prices are already high, which would be bearish for potash prices.
interfax.comAug 11, 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.
