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ICL warned that a shortfall of about 2 million tonnes of potash is affecting supplies to Brazil, and that Belarusian product is not reaching the market. Nutrien estimates Russian output could fall by 2-6 million tonnes and Belarusian output by 6-8 million tonnes this year, and ICL said the two countries together made up about 40% of 2021 potash supply.
Combined losses from Russia and Belarus leave large import gaps, particularly in Brazil, which keeps potash prices firm and tight for farmers and fertilizer buyers.
grainpricenews.comMike VerdinMay 12, 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.
