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Granular potassium chloride prices in Brazil rose to US$360-375/ton CIF, above the prior US$355-365/ton range, with August shipment offers as high as US$380/ton. Rising freight rates are also cutting into producer margins in the market.
Tight potash supply and strong summer crop demand in Brazil point to sustained higher fertilizer costs for South American growers, with limited near-term relief.
sxleixinchem.comMay 16, 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.
