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A market overview of potash describes its role in fertilizer and food security, with global MOP production above 70 million tonnes and potash consumption above 40 million tonnes in 2022. It expects consumption to decline about 1% per year, though the outlook is uncertain given the political environment.
Expected falling potash demand alongside strong supply implies a soft price outlook for potash inputs used in corn and other crops.
mcgroup.co.ukMar 29, 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.
