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Brazil Potash CEO Matt Simpson said high potash prices will likely persist as producers struggle to add supply amid food security concerns. Potash for Brazil delivery quadrupled to about $1,200 per tonne after the Ukraine invasion and has since eased to about $500, with over 15 million tonnes of new capacity at risk of delay.
Expectations of a tighter market for longer support potash prices, raising input costs for corn and soybean growers and ultimately feed grain costs.
mining.comHenry LazenbyJan 13, 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.
