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North American fertilizer stocks rose on June 21 after the US, UK, EU and Canada imposed coordinated sanctions on Belarus. The EU sanctions target several sectors of Belarus's economy, including industries linked to potash and petroleum, threatening potash supply.
Sanctions targeting Belarusian potash tighten global supply and support fertilizer prices, which raises input costs for feed grain and oilseed producers.
news.bloomberglaw.comElizabeth ElkinJun 21, 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.
