Trump Says U.S. Is Working On ‘Massive’ Fertilizer Deal With Russian Ally Belarus

The US is working on a deal to purchase potash from Belarus, a Russian ally, at substantially lower prices than currently paid to Canada. According to Trump, the potash purchased from Belarus would be substantially cheaper than that bought from Canada.

Shares of major fertilizer producers fell after Trump's announcement, with Mosaic Company dropping over 5%, Intrepid Potash declining 4.5%, Nutrien falling 4%, and CF Industries sliding 3%. The proposed deal threatens to disrupt the North American potash market, where Canadian producers have traditionally held a dominant position.

Lower-priced imports from Belarus could pressure margins for domestic and Canadian fertilizer companies, as the US currently relies heavily on Canadian imports to meet domestic demand for the crop nutrient. Potash is a key ingredient in fertilizers used in agriculture.

Brief written by urgent.news from Forbes, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.