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Belarus is looking to redirect exports to Russia after Western sanctions and the Ukraine war blocked its usual Baltic and Odesa transit routes. Belarus expects to lose about 30% of export revenue this year, and potash and refined fuels make up almost 30% of its exports.
Analysts doubt Russian ports can handle the volumes.
If Belarusian potash cannot reach global markets through reliable ports, global potash supply stays constrained, supporting prices. The uncertainty about transit capacity keeps the supply risk in place.
intellinews.combne IntelliNewsAug 3, 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.
