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Nutrien, the world's largest potash producer, has paused its plan to expand potash output indefinitely and will cease development of its clean ammonia plant in Geismar, Louisiana. The company cited falling potash prices.
Potash prices have eased since Belarus resumed shipments that had been largely frozen by Western sanctions.
A pause in capacity expansion limits future supply growth, but current easing prices and resumed Belarusian exports point to softer potash costs for farm buyers in the near term.
reuters.comAug 2, 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.
