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Belarus cut potash fertilizer exports by 14.1% year on year in January-April 2020 to 1.888 million tonnes (100% nutrient), with value down 28.4% to $715.1 million. Belaruskali ran at about 30% of capacity from September 2019 to April 2020 amid weak prices, and new contracts were signed at $220/t for China and $230/t for India, well below previous prices.
Lower-priced long-term contracts with China and India confirm weak global potash pricing, a signal of cheap potash and ample supply for fertilizer costs in feed grain and oilseed production.
primepress.byPrimepressJun 25, 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.
