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A Canadian firm is lobbying Brazil for permission to open an Amazon potash mine. Brazilian farmers rely on imports for 85% of their fertilizer, and potash prices tripled last year.
Brazil's import dependence highlights the tightness in potash supply, and a domestic mine would be a long-term structural change rather than an immediate price driver.
reuters.comAnthony BoadleApr 1, 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.
