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Belaruskali, the country's only potash producer, produced about 7.35 million tons of potash fertilizer in 2019, essentially unchanged from 2018. The company plans to raise capacity to 15.5 million tons per year by 2025.
Stable Belarusian output means no near-term supply shock, while the planned capacity expansion points to more potash supply later in the decade, which is mildly bearish for prices.
Not 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.