# Uncertain Times

> North American fertilizer producers face weak demand and trade pressures. Mosaic said in March that its 2.1 million tpy Colonsay potash mine in Saskatchewan will stay closed for the foreseeable future. FOB New Orleans potash fell from $290/t at the start of 2019 to about $210-215/t before spring 2020 planting.

- Date: 2020-05-28 · published 2020-05-28T12:00:00.000Z
- Category: market · region North America · magnitude low
- Page: https://feedsoft.ai/events/53066-uncertain-times
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

The Colonsay closure removes supply from the market, which is supportive for potash prices despite low demand. Buyers should watch whether further curtailments follow.

## Read by commodity

- POTASH: bullish ▲

## Sources

- worldfertilizer.com: https://www.worldfertilizer.com/special-reports/28052020/uncertain-times/

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