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Norwegian fertilizer maker Yara will stop buying potash from Belarus by April 1, 2022, because international sanctions have made the trade impossible. Yara had bought an estimated 10-15% of Belaruskali's annual output, and banks and logistics providers are halting services.
Removing a major buyer and sanctions-driven logistics limits tighten global potash supply, supporting potash prices that feed into fertilizer costs for grain and oilseed production.
reuters.comTerje SolsvikJan 10, 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.
