# Potash prices are down, but the stocks are looking attractive - The Globe and Mail

> Canpotex agreed a contract to sell potash to China through year-end at US$307 per tonne, 48% below the previous China contract and 27% below a recent India contract. Shares of Nutrien and K+S have fallen sharply from highs about 14 months earlier, and a Scotiabank analyst believes the bottom has arrived.

- Date: 2023-06-16 · published 2023-06-16T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/35816-potash-prices-are-down-but-the-stocks-are-looking-attractive-the-globe-and-mail
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

The lower Canpotex benchmark sets a new global reference price for potash, which lowers fertilizer costs for grain and oilseed growers and signals weaker producer margins for the rest of 2023.

## Read by commodity

- POTASH: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-potash-prices-are-down-but-the-stocks-are-looking-attractive/

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