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Global potassium chloride prices surged in early June 2021. Bangladesh awarded 218,000 tons in a delayed tender at $333-358/ton CFR, while Brazil spot prices reached $435-450/ton CFR and Southeast Asia rose to $290-310/ton CFR.
Baltic FOB prices reached $400/ton, the highest since 2013.
Strong import demand from Brazil and Asia, combined with tight inventories and sanctions-related supply concerns, points to continued upward pressure on potash prices. Higher potash costs will raise fertilizer expenses for crop producers.
fdd-global.comJun 28, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
