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Potash prices have climbed to decade highs as Belaruskali, the second-largest producer, copes with U.S. and European sanctions that have forced it to divert shipments away from a Lithuanian port. Nutrien expects to sell 13.7 to 14.3 million tonnes this year, up from a record 13.6 million last year, and has capacity for an extra 500,000 tonnes in the second half.
Sanctions-driven loss of Belarusian supply keeps potash tight and expensive, raising farmers' fertilizer costs and feeding into food inflation. Nutrien's measured volume outlook limits how much relief the market can expect from new supply.
reuters.comRod NickelFeb 18, 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.
