Brazil Potash Supply and Demand

Brazil potash demand is rising even while supply has diminished. This is extremely bullish for the potash price.

 

Moreover, supply disruptions aren't as severe as thought. Belarus supply has been disrupted in half, but Russian supply has not changed. Israel has replaced Belarusian supply.

This means that the rise in potash price isn't fully attributable to the lack of supply, but needs to be found in the rising food price.