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Potash prices have risen up to 300% this year, with CFR Brazil spot above US$700 per tonne, and North American fertilizer prices hit a record above the 2008 peak. Belarus potash sanctions, which normally account for about 20% of global supply, are cited as a key factor.
Record potash and nutrient prices raise crop production costs and reinforce bullish pressure on grain and feed prices, with the market expected to stay firm.
stockhead.com.auEmma DaviesOct 21, 2021Not enough comparable past events yet for a historical read.
Not 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.
