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Uralkali lowered its 2019 global potash demand forecast to 66 million tonnes from 67-68 million tonnes. The cut reflects weak North and Central American demand after adverse spring weather and lower palm oil profitability in Southeast Asia.
Latin American demand is forecast to rise on Brazilian soybean exports.
A lower demand forecast from a major producer points to a softer potash balance, mainly in North America, though Latin American growth partly offsets it. The effect on prices is modest.
fertilizerdaily.comSergey MezhakSep 9, 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.
