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Belaruskali, a major global potash producer, declared force majeure around February 16, saying it cannot meet contracts. Shipments have been halted due to US and European sanctions.
Potash supply losses from a major producer tighten global fertilizer availability and push prices higher, raising input costs for crop producers.
bloomberg.comElizabeth Elkin, Jen Skerritt, Tarso VelosoFeb 17, 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.
