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Mosaic cut its 2022 world potash shipment forecast to 61-65 million tonnes, implying a decline of up to 10.4 million tonnes from last year. The company attributed the drop mainly to constrained supply from Belarus and Russia, which together account for about 40% of potash supply.
A sharp drop in global potash availability keeps prices elevated and limits the rebuilding of the already low pipeline, supporting fertilizer costs through the season.
grainpricenews.comMike VerdinMay 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.
