Turmoil in Belarus dominates potash market week

摘要

The evolving situation in Belarus dominated both the news headlines and the talk among participants this week, and while Belaruskali claimed normal service had been resumed by August 20 the market remained unconvinced. Some offers into Brazil pulled back and while sales as high as $245/t CFR could not be confirmed, all eyes will be on developments in Minsk over the coming weeks, where opposition to President Lukashenko remains widespread and the outcome of the August 9 election is still hotly contested.