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The EU banned potash exports from Belarus, closing loopholes that had previously allowed about 80% of its trade to continue. The new measures cover 70% of Belarus exports to the bloc.
The sanctions are tied to Belarus's role in Russia's invasion of Ukraine.
A full EU ban removes a major potash flow from world markets and tightens an already constrained fertilizer supply. That is bullish for potash and for downstream nutrient costs in feed production.
reuters.comFrancesco GuarascioMar 2, 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.
