NTR - Fertilizer shares surge as U.S. Europe add sanctions on Belarus

Srinuan Hirunwat/iStock via Getty Images CF Industries ([[CF]] +6.6%) leads a strong showing for fertilizer makers after the U.S. and European governments impose sanctions against senior Belarus officials accused of responsibility for escalating political repression. Potash is one of Belarus' biggest exports and the specific segments that will be targeted by the sanctions are not yet known, but shares of North American potash producers trade higher on the prospect of reduced supply in the market: [[NTR]] +3.3%, [[MOS]] +3.2%, [[IPI]] +4.2%. Belarus' state-owned Belaruskali represents ~20% of the global potash market. Scotiabank analyst Ben Isaacson says the sanctions should lead to tighter granular markets. CIBC's Jacob Bout notes China may be considering the reintroduction of export taxes on finished fertilizers as a way of cooling the domestic fertilizer market, which could trigger further price gains outside China, which would be a positive for global nitrogen and/or phosphate producers. Agriculture related

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Fertilizer shares surge as U.S., Europe add sanctions on Belarus