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Belarus potash exports, 18% of global supply, were also cut off in January due to US sanctions. This will force their dependence on Russia, with a Belarusian po
by tyrfing 4y ago
Belarus potash exports, 18% of global supply, were also cut off in January due to US sanctions. This will force their dependence on Russia, with a Belarusian port on Russian soil, and for now they are struggling to export any of it.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/belarus-struggling-to-find-path-to-market-for-potash-amid-us-sanctions-68990380 https://www.spglobal.com/marketintelligence/en/news-insights...
https://www.bloomberg.com/news/articles/2022-02-17/belarus-potash-maker-roils-fertilizer-markets-with-force-majeure https://www.bloomberg.com/news/articles/2022-02-17/belarus-p...
Here's some perspective on current fertilizer prices: https://blogs.worldbank.org/opendata/fertilizer-prices-expected-remain-higher-longer https://blogs.worldbank.org/opendata/fertilizer-prices-expec...