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BHP, the world's largest miner, expects the global potash market to tighten over the next decade as demand grows 2% to 3% annually and supply additions beyond its Jansen project are limited. It projects a market deficit by 2035.
The comments come amid a fertilizer supply shock tied to the Middle East war.
Expected long-term potash deficit supports prices for farmers buying crop nutrients, though the 2035 horizon limits near-term impact. Tight fertilizer supply adds cost pressure on corn and soybean growers.
bloomberg.comMariana DuraoMar 24, 2026Not 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.
