# K+S Slashes 2023 Profit Outlook Due to Lower Potash Prices

> 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.

- Date: 2023-05-09 · published 2023-05-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36274-k-s-slashes-2023-profit-outlook-due-to-lower-potash-prices
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- POTASH: bearish ▼

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/ks-cuts-2023-profit-outlook-on-slow-recovery-lower-potash-prices/

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