Report says Belarus plans potash production cut, K+S shares rise
04/11/2024 12:13
** German potash and salt miner K+S SDFGn.DE shares rise
around 7% following a report Belarussian president Lukashenko
proposed potash production cut
** According to the Belarussian state news agency Belta,
Lukashenko is considering a cut in potash production of around
10%, citing very low price levels for potash
** Following Russia's invasion of Ukraine in 2022, Western
sanctions on Belaruskali from Belarus and Russia's Uralkali,
which together account for about one third of the world's potash
production, have made the key crop fertiliser more scarce and
expensive
** K+S's shares top the pan-European index STOXX 600
.STOXX and are on track for the best day since April 2022
(Reporting by Tristan Veyet)
((Tristan.chabba@thomsonreuters.com))