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BHP's market analysis outlines a framework placing the potash industry in a fourth historical wave, following three earlier waves tied to major supply shocks. The authors say the post-2021 volatility has strengthened their long-run view that prices will settle into an orderly regime over the 2020s.
The analysis frames potash as moving toward more orderly supply and demand, which suggests a less volatile fertilizer cost base for feed grain producers over the coming years, though it offers no immediate price catalyst.
bhp.comDr Huw McKay Vice President, Market Analysis, EconomicsMay 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.
