By Aliza
Kempner
Tension surrounding trade conflicts between Russia and Belarus continues to
blossom: this time surrounding the potash industry, a fertilizer whose high
price worldwide has remained afloat courtesy of a Belarusian cartel. Pressures from
either side have taken an ugly turn, with Russia most recently imposing a slew of trade restrictions.
While
the dispute has hurt Russian and Belarusian profits, farmers from Idaho to
India have benefited from lower fertilizer prices. Potash serves as one of
three main ingredients in widely-used fertilizer for corn and soybean yields,
and the price for granular potash in the Midwest has fallen to around $400 a
ton, from $420.
The
New York Times highlights
the details of the hostility between the political leaders and explains the potential
windfall to American farmers.
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