The top three countries that you mine potash out of are Canada and then it's Russia and Belarus. The US and allies had already imposed sanctions on Belarus for other things before the war. China has decided to keep a lot of product in country. We don't think that's happening anytime soon.
One unexpected consequence of Russia’s invasion of Ukraine: It highlighted how just a handful of countries–notably Russia and China–supply much of the fertilizer needed to feed the world. Amid geopolitical tensions and humanitarian concerns, the race for fertilizer has become a priority for the U.S. and its allies.
Bloomberg reporter Elizabeth Elkin joins this episode to talk about how concerns about fertilizer shortages have nations looking for alternatives.
Read more: https://bloom.bg/3KUmT62
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK
Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.
See omnystudio.com/listener for privacy information.