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Potash prices have risen about 25% in the past year to more than $350 a ton, driven by steady demand growth and limited supply from China, Russia, Belarus and Canada. Producers are developing new mines, including Kalium Lakes' AUD 216m Beyondie project in Australia, which received environmental approval.
Tight potash supply and rising prices raise input costs for crop producers, which can shift acreage and feed grain demand over time. Expanding mine capacity is a longer-term factor that could eventually ease prices.
blog.agchemigroup.euSimon HiltonApr 10, 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.
