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A commentary says Laos could hold about 10 billion tonnes of potash, with a Chinese-backed project planning 1 million tonnes a year initially. China imports roughly 8 million tonnes of potash annually, about half its demand, and sits next to Laos.
Potential new Southeast Asian supply could add to potash availability over time and reduce China's dependence on Western and Russian imports, a long-term bearish factor for potash prices.
rfa.orgA commentary by David HuttJun 15, 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.
