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Bangladesh's cabinet committee approved the purchase of 30,000 tonnes of muriate of potash from Russia's state-linked Prodintorg at a cost of Tk150.21 crore. The purchase proceeds despite US and EU sanctions, with payment arrangements such as a currency swap under consideration.
The volume is small relative to global potash trade, so the price impact is limited, though it shows buyers continuing to source from Russia under sanctions.
tbsnews.netAbul Kashem, Shawkat AliMar 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.
