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According to an IFPRI tracker, Belarus's potash exports in January to August 2022 fell 50% year on year because of sanctions. China is increasing its purchases of Belarusian potash, while India and Brazil are building stocks at the expense of other suppliers.
Sanctions and complicated logistics continue to restrict access to world markets.
Sanctions cutting Belarusian supply tighten global potash availability and open room for competing exporters to win share. This supports potash prices, although demand weakness has offset some of the effect.
cgiar.orgDec 30, 2022Not 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.
