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Canpotex said the reported $247/MT CFR China potash contract is well below current offshore market levels. The company stated it is fully committed to sales through April 2021 and will price according to market fundamentals.
It also noted record potash shipments in 2020 and expects further export demand growth in 2021.
Canpotex's stance signals that suppliers may hold out for higher prices, supporting potash market firmness and fertilizer costs for feed grain growers.
canpotex.comFeb 11, 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.
