Loading…
Nutrien will raise 2021 potash output by 500,000 tonnes, bringing total annual sales volumes to 13.8 million tonnes, on top of a similar increase announced June 7. The move follows coordinated Western sanctions on Belarus, including a ban on potash imports from state-owned Belaruskali, which produces about 20% of global supply.
Sanctions threaten a major share of seaborne potash supply, tightening global markets and supporting higher potash and fertilizer prices. Farm input costs for feed grain producers may rise into the next crop year.
mining.comCecilia JamasmieJun 22, 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.
