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China's state planner said it will release potash reserves and prioritize fertilizer shipping capacity and energy supply to stabilize prices. The move comes after potassium chloride prices rose 61% in 2021 through July.
The NDRC said domestic fertilizer prices will stay high while supply remains tight.
Reserve releases and import priority could ease Chinese potash tightness and reduce pressure on global potash prices. Demand from China remains large, so the effect may be limited.
producer.comReuters News ServiceSep 22, 2021Not 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.
