# German potash group K+S to take 2 billion euro impairment

> 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.

- Date: 2020-11-04 · published 2020-11-04T12:00:00.000Z
- Category: market · region Germany · magnitude low
- Page: https://feedsoft.ai/events/50476-german-potash-group-k-s-to-take-2-billion-euro-impairment
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

The impairment and the 24% fall in potash prices show weak fertilizer demand and pricing. This points to continued pressure on potash prices.

## Read by commodity

- POTASH: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/business/german-potash-group-k-s-to-take-2-billion-euro-impairment-idUSL1N2HQ1UX/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.