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Belarus, the world's third-largest potash producer, has lost its northern export route through Lithuania and its southern route through Ukraine since February 2022. Three of five mines at Belaruskali reportedly stopped in March, and importers such as China and Brazil are moving away from Belarusian supply under Western sanctions.
Sanctions and blocked export routes are removing a major share of global potash supply, which tightens the market and supports higher potash prices for fertilizer buyers.
intellinews.combne IntelliNewsMay 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.
