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Uralkali has left the Belarusian Potash Company joint venture and plans to operate independently. The three former partners had together supplied about 43% of world potash.
Human rights groups have also protested against banks serving BPC, which they say is controlled by President Lukashenko.
Uralkali's exit breaks up a major potash export alliance and may increase competition for Belarusian supply, especially rail access to China. Price effects depend on how quickly Uralkali expands sales.
agweb.comDavis MichaelsenNov 17, 2020Not 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.
