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The US sanctioned Belaruskali, the state potash producer that ships much of its output to China, India and Latin America, along with more than a dozen companies tied to President Lukashenko. Belarusian Potash Co., which handles all of the country's potash exports, was not included.
The US issued wind-down licenses running to December 8.
Belaruskali's roughly one-fifth share of global potash supply makes the sanctions bullish for potash prices, though buyers may keep buying from BPC, which limits the immediate impact.
farmprogress.comBloombergAug 11, 2021Not 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.
