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Uralkali and Uralchem are set to become controlling shareholders in Brazilian fertilizer firm Fertilizantes Heringer, which is under bankruptcy protection. Potash producers including K+S are cutting production, with K+S reducing output by up to 300,000 tonnes by the end of 2019 amid weak demand.
Production cuts and weak potash demand point to lower input prices over the coming months, while the Brazil deal shifts supply channels. The link to feed commodity prices is indirect.
echemi.comICISSep 29, 2019Not 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.
