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Morningstar says potash prices have fallen about 75% from their April 2022 peak and now sell near $305 per metric ton. It expects the India-Canpotex contract to settle below $300 per metric ton in 2024, with prices staying low in the near term.
A contract settling near multiyear lows would keep potash cheap for fertiliser buyers and weigh on prices across the market. Lower potash costs ease margins for farmers and feed grain producers.
morningstar.comSeth GoldsteinMay 16, 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.
