In regard to food security

Removing 20% of Potash from the market can create very adverse impacts in the whole food chain.
Potash is a key nutrient for all plants, all around the globe, and has no substitutes.

Production is very concentrated, with Canada, Russia and Belarus representing about 70% of global production.
Belaruskali is the largest Potash producer in the world, accounts for 20% of world Potash exports, and cannot be replaced on short notice (new mines take long years and big investments).

Removing Belarus from the picture, total or partially, will further increase concentration towards Canada, but especially Russia.

Market is very balanced/tight already, and sanctions discussions have already impacted potash prices drastically. Adjusted for the gas effect (N) and China restrictions on exports (P), the Potash prices have increase drastically more (almost 3 fold) compared to other nutrients.

Grain stocks are continuing to dangerously decrease.

FAO Food Price Index is at historical high, and continuing to raise.

More people are starving, while food is becoming more scarce and expensive.

“Food production is needed rather urgently, and the world needs ALL fertilizers that can be supplied, including from Belarus”.

On Food security

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