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A Gensource Potash Corp. release describes the global potash market, noting MOP prices are about 58% above late-2016 lows. It cites FAO forecasts of 68 million tonnes of 2019 demand and 4% annual consumption growth over the last five years.
Strong demand growth and slow ramp-up of new greenfield supply support firm potash prices, which raises fertiliser costs for crop producers and can feed through to grain and feed margins.
investcom.comJun 4, 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.
