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Russia's Ministry of Industry and Trade announced on March 4, 2022 that domestic fertilizer makers would temporarily suspend exports. The article says Russia supplies about 13% of intermediate fertilizer trade and around 40% of potash supply with Belarus.
A Russian fertilizer export pause removes a large share of global nitrogen, phosphate and potash supply, pushing prices higher and benefiting Moroccan producers.
moroccoworldnews.comoussama-aamariMar 11, 2022After 205 past bullish geopolitics events, UREA moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% over 20.
After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% over 20.
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.
