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Ukraine's Cabinet expanded its ban on goods imported from Russia to include mineral fertilizers, animal feed and veterinary medicines, effective July 1, 2019. Experts disagree on the impact, with some warning of potash and phosphate shortages during the key input season and others saying suppliers can switch to alternative sources.
Losing Russian potash and phosphate supply during peak application could raise fertilizer prices and affect Ukrainian yields next year. Restrictions on imported animal feed could also redirect regional feed trade.
aiph.orgRon van der PloegJul 8, 2019Not enough comparable past events yet for a historical read.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
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.
