Loading…
K+S beat second-quarter revenue forecasts as fertilizer sales recovered. The company expects no potash oversupply for the rest of 2024, though supply from Russia and Belarus is set to rise back to 2021 levels, before the war in Ukraine.
Expected return of Russian and Belarusian volumes to pre-war levels points to a higher potash supply, which caps price recovery. For feed buyers the effect is limited, as potash is a fertilizer input.
reuters.comTristan Veyet, Chiara HolzhaeuserAug 14, 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.
