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Rabobank economists warn the global potash market is seriously oversupplied and prices will keep falling after a 13 percent slide since the start of the year. They say prices could fall low enough to force some producers to cut output, raising questions about BHP's planned expansion into the sector.
Oversupply and falling potash prices lower input costs for fertilizer buyers, and could eventually trim output if producers are squeezed.
afr.comBrad ThompsonSep 18, 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.
