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Global potash fertilizer sales are expected to reach record highs this year, supported by a spike in crop prices. North American producers are reportedly keeping tight control over supply, and Nutrien projects record output of 68 to 70 million tonnes globally.
Strong demand alongside restrained supply tends to keep potash prices firm, which raises input costs for crop producers and can support grain prices through planting decisions.
reuters.comRod NickelFeb 18, 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.
