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Belarus cut its potash fertilizer export volume by 0.8% year on year in January-August 2020, to 4.508 million tonnes of 100% nutrient content. Export value fell 23.3% to $1.578 billion, and the average price dropped 22.7% to $350 per tonne.
The report attributes the decline to weak global potash prices since mid-2019.
Lower Belarusian export prices reflect ample global potash supply and weak demand, which keeps potash input costs soft for fertilizer buyers and feed-linked crop production.
primepress.byPrimepressOct 30, 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.
