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Lithuania's transport minister said fertilizer shipments from Belaruskali will stop moving through Lithuania from December, when the US sanctions take effect. Fertilizers subject to sanctions make up about a third of freight for Lithuanian Railways and the Klaipeda seaport.
He added that potash prices could rise by €80 per ton once the sanctions apply.
Losing the Lithuanian transit route constrains Belarusian potash logistics and reinforces the supply tightening that supports higher potash prices.
lrt.ltErika Alonderytė-Kazlauskė, BNSAug 12, 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.
