Ukraine crisis supports fertilizer stocks • 2:35 PM
Potash producers are bucking the broader stock market weakness, as they stand to benefit if the Ukrainian crisis leads to economic sanctions against Russia.
Potash is one of Russia’s important export products, Newedge's Robbert van Batenburg notes: “The erstwhile cartel between Russia and Belarus supplied 43% of total global potash demand... Non-Russian potash supplier[s] may benefit from a potential trade sanctions that could impact Russian potash exports.”
POT +0.6%, AGU +1%, MOS +0.2%, IPI +0.5%, CF +1.7%. |