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German potash producer K+S plans to cut potassium chloride production by up to 300,000 tonnes by year-end, which could reduce EBITDA by up to 80 million euros. The company cited weak agricultural markets and continuing Chinese import bans on standard potassium chloride.
Production cuts from a major producer reduce potash supply and can support prices if demand holds. Weak demand and new supply still pressure the market, so the net price effect depends on whether other producers follow.
investingnews.comGeorgia WilliamsSep 24, 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.
