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The FAO and IFA forecast a global potash shortage, centred on Western Europe, where supply has declined for several years while consumption keeps rising. Global surplus stocks are expected to shrink significantly in 2020.
Wholesale potash prices have rebounded after an interim low.
Shrinking surplus stocks and rising European demand tighten potash supply, which supports higher fertilizer prices and raises input costs for feed-grain and oilseed production.
zmp.deAug 21, 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.
