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K+S said it will take a one-off non-cash impairment of about 2 billion euros. The article notes that potash prices have fallen 24% since the start of 2020.
The potash business is mainly used in fertilizer production.
The impairment and the 24% fall in potash prices show weak fertilizer demand and pricing. This points to continued pressure on potash prices.
reuters.comNov 4, 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.
