# Potash: We See Prices Rising After 2024 and View Mosaic and Nutrien as Undervalued

> 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.

- Date: 2024-05-16 · published 2024-05-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/30615-potash-we-see-prices-rising-after-2024-and-view-mosaic-and-nutrien-as
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- POTASH: bearish ▼

## Sources

- morningstar.com: https://www.morningstar.com/company-reports/1225234-potash-we-see-prices-rising-after-2024-and-view-mosaic-and-nutrien-as-undervalued

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