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Analysis notes that Russia and Belarus supply about 40% of global potash, and sanctions plus Belarusian production shortfalls have created a global scarcity. Potassium chloride prices have surged along with fertilizer costs generally.
Scarce potash supply keeps input costs high for crop producers, reinforcing upward pressure on fertilizer prices and feeding into grain production costs.
Not 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.