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Argus Media's Hasan Tarique told the TFI virtual conference that the global potash market is slightly unbalanced for the short term. Consumption is expected to rise from about 66 million tonnes in 2020 to 68 million tonnes in 2021, while new capacity in Russia, Belarus and Canada could create a surplus.
New capacity additions could push potash into surplus in 2021, which would pressure prices unless producers delay ramp-ups to maintain balance.
dtnpf.comRuss QuinnDec 10, 2020Not 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.
