6 ms·
Well, 20.8% of goal potash production comes from Russia and another 18% from Belarus. It's a key ingredients in making fertilizer. There is your single cause.
by ajmurmann 4y ago
Well, 20.8% of goal potash production comes from Russia and another 18% from Belarus. It's a key ingredients in making fertilizer. There is your single cause.
Source: https://www.nrcan.gc.ca/our-natural-resources/minerals-mining/minerals-metals-facts/potash-facts/20521#L2 https://www.nrcan.gc.ca/our-natural-resources/minerals-minin...
- Scoundreller 4y agoHave they stopped producing? Don’t think any of the big buyers are resisting purchase from those two countries.
- HDThoreaun 4y agoThey've stopped exporting to western countries.
- Scoundreller 4y agoAfter the US (which I’m assuming imports from Canada, the largest exporter), the next 6 largest importers aren’t western countries (if you exclude Brazil in that): https://www.nationmaster.com/nmx/ranking/potash-fertilizer-imports https://www.nationmaster.com/nmx/ranking/potash-fertilizer-i... https://www.nrcan.gc.ca/our-natural-resources/minerals-mining/minerals-metals-facts/potash-facts/20521 https://www.nrcan.gc.ca/our-natural-resources/minerals-minin... The biggest issue is that Belarus has restricted access to euro seaports, but Belarus and Russia have extensive rail networks.
- sudosysgen 4y agoReduced supply to Western countries would still push prices way up.