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An industry overview says potash prices rose about 154% from US$221 per tonne at the end of January 2022 to US$562 in mid-April. The article attributes the rise mainly to halted exports from Russia and Belarus, which together supplied about 40% of 2020 imported potash, along with logistics problems at ports.
The sanctions-driven loss of Russian and Belarusian exports is the main reason potash costs have risen sharply, and buyers should expect tight supply to keep prices high while Canada's ability to expand output is limited.
saifood.caStuart SmythMay 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.
