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Potash producers outside Russia and Belarus, notably in Canada, are seeking to gain market share after sanctions and transport bans disrupted supply. Brazil's potash prices hit a record of $1,180 a ton in April 2022, and Belarusian exports fell about 70%.
Supply shifts favor non-Russian and non-Belarusian producers, but the article's price history is from 2022, so current price pressure is more bearish than the headline suggests.
livemint.comWSJApr 14, 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.
