Loading…
DTN reports the global potash outlook for 2024 is positive, with lower prices and returning farmer demand expected to lift application rates. IFA data show potash production fell 15% in 2022 to 62.1 mmt.
Risks include the Russia-Ukraine war, Middle East conflict and low Mississippi River levels.
Improved affordability and recovering demand support a firmer potash demand outlook, while supply risks from geopolitics and river logistics could limit price declines.
dtnpf.comDTN Progressive FarmerJan 1, 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.
