Loading…
Indian Potash Ltd., which accounts for almost half of India's potash imports, says purchases in the fiscal year starting April may fall from about 5.5 million tons because prices have risen and India has a sizable stockpile. Potash suppliers such as K+S, Uralkali and Canpotex could face pressure to cut prices on new deals.
Lower Indian buying weakens the case for record global potash demand in 2021 and could soften potash prices, reducing fertilizer cost pressure for feed grain production.
airfreight.newsBloombergFeb 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.
