Russia May Introduce Export Duty On Fertilizers At 8% For 1.5 Years
Portfolio Pulse from Happy Mohamed
Russia is considering introducing an export duty on fertilizers at 8% for a period of 1.5 years, according to Reuters citing IFAX. This could potentially impact companies like Nutrien Ltd. (NTR) that are involved in the fertilizer industry.
August 04, 2023 | 9:26 am
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NEGATIVE IMPACT
Nutrien Ltd. (NTR) could be negatively impacted by Russia's potential 8% export duty on fertilizers. This could increase costs and affect the company's profitability.
As a company involved in the fertilizer industry, Nutrien Ltd. (NTR) could face increased costs due to the potential 8% export duty on fertilizers in Russia. This could affect the company's profitability and potentially its stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could see minor impacts from Russia's potential 8% export duty on fertilizers due to its broad market exposure.
The SPDR S&P 500 ETF (SPY) tracks a broad market index and could see minor impacts from Russia's potential 8% export duty on fertilizers. However, the effect is likely to be diluted due to the ETF's wide range of holdings.
CONFIDENCE 60
IMPORTANCE 30
RELEVANCE 30
NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) could be indirectly affected by Russia's potential 8% export duty on fertilizers due to its exposure to European markets.
The Vanguard FTSE Europe ETF (VGK) could be indirectly affected by Russia's potential 8% export duty on fertilizers due to its exposure to European markets. However, the impact is likely to be minimal due to the diversified nature of the ETF.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 40