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CropLife reviews 2019 phosphate and potash markets, which fell as supply outpaced weak demand. It attributes the decline mainly to record US flooding, lock closures and prevented planting, and says buyers drew down inventories while waiting for prices to bottom.
Buyers who have delayed purchases will need to restock, which could support phosphate and potash prices if demand returns in 2020.
croplife.comAndy JungFeb 23, 2020Not enough comparable past events yet for a historical read.
Not 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.
