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Vinachem's outlook piece reviews potash prices, which rose from $215 per tonne at the start of 2019 to $265.50 by April. Canada, the largest producer at about 29 percent of global supply, faced a provincial tax credit cut and a rail strike in 2019.
Producers expect higher demand and firmer prices in 2020, with weather a key factor.
Expected stronger fertilizer demand and firm potash prices raise input costs for crop producers, while weather-driven output limits could keep supply tight.
vinachem.com.vnMar 24, 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.
