Loading…
German potash miner K+S cut its 2023 EBITDA guidance to 1.15-1.35 billion euros from 1.3-1.5 billion, citing slower demand recovery and lower potash prices. Customers held back orders longer than expected, and the company expects overseas prices to recover only in the second half of the year.
Weaker potash demand and softer prices point to lower fertilizer costs for grain producers, which can ease corn and soybean production costs and weigh on the fertilizer complex.
globalbankingandfinance.comUma RajagopalMay 9, 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.
