# Potash miner K+S confirms 2024 forecast after quarterly profit beat

> 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.

- Date: 2024-05-13 · published 2024-05-13T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/30614-potash-miner-k-s-confirms-2024-forecast-after-quarterly-profit-beat
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- POTASH: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/ks-confirms-q1-earnings-beat-2024-guidance-potash-prices-stabilise-2024-05-13/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.