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K+S will cut potash fertiliser production by up to 300,000 tonnes by year-end, reducing core earnings by as much as 80 million euros. The company attributed the decision to a weak market and continuing Chinese import bans on standard potassium chloride.
K+S said the cut was the right decision despite being difficult.
Chinese import restrictions are depressing global potash demand, and producers cutting output signals continued weak pricing. This is a bearish signal for potash prices through the end of the year.
reuters.comLudwig BurgerSep 23, 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.
