Belarus sanction speculation spurs potash price gains

摘要

Market speculation ran rife this week that potash sales from Belarus could be subject to Western sanctions after a commercial flight was diverted to the country’s capital city of Minsk from Vilnius, Lithuania, culminating with the arrest of a dissident journalist. This speculation contributed to a big jump in US prices and helped producers to achieve a further increase in Brazil, with the latter market reaching its highest level since August 2013.