Loading…
Russian and Belarusian potash producers are increasing exports to Asia and South America, helping stabilize the global supply after sanctions-related disruptions. Argus projects 2024 global potash output near 73 million tonnes, with Russia exporting 12-13 million tonnes and Belarus about 10 million tonnes.
Prices have fallen from about $1,000 per ton in mid-2022 to below $300.
Rising Russian and Belarusian exports and new supply from Canada, Jordan and Laos add to oversupply, keeping potash and fertilizer costs low for crop producers and supporting cheaper feed grain production over time.
fertilizerdaily.comOct 24, 2024Not 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.
