WASHINGTON, D.C. (RFD NEWS) — New details are emerging from the fertilizer sector as President Donald Trump says the U.S. is working on a major deal to purchase potash from Belarus.
Trump said on social media that he is working on a massive deal with Belarus to secure additional potash supplies that he says could put more potash supplies in the hands of American farmers.
Canada is the main supplier of potash to the United States, but Trump says the potential deal with Belarus would come at a much lower cost than Canadian supplies typically do.
Recent numbers show potash prices have remained relatively stable over the last year, gaining about 1 percent over the past 12 months.
Details of the proposed deal remain unclear, including how much potash could be supplied and when shipments could begin. The final terms of the agreement will also determine any potential effect on fertilizer costs, as well as supply availability and transportation logistics.
