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Fertecon (S&P Global) forecasts potash prices will keep easing through 2023 and into 2024 after retreating from 2022 highs. July standard-grade MOP traded at $239-$300/t FOB Baltic, versus $853 in Q2 2022, back to early-2021 levels before sanctions on Belarus.
Easing potash prices lower the cost of potassium inputs for crops, which eases feed-grain cost pressure, though the market remains sensitive to trade disruptions in a concentrated supply base.
chemweek.mydigitalpublication.comSep 1, 2023Not 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.
