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Potash producer K+S confirmed its 2024 forecast after beating quarterly profit expectations. Potash prices have started to recover from their 2023 decline, which followed farmers cutting fertiliser use to reduce costs.
Firmer potash prices raise input costs for livestock feed producers' crop suppliers, and the company sees no oversupply because demand is picking up. Supply from Russia and Belarus is expected to rise, which limits how far prices can climb.
reuters.comTristan VeyetMay 13, 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.
