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China's Ministry of Finance removed all potash export tariffs from 1 January 2019, unexpectedly ending a barrier on about 6.6 million tonnes per year of mainly low-cost Chinese potassium sulphate capacity. Analysts expect the move to increase competition in the SOP market, though supply and demand dynamics should cushion the impact on international producers.
More low-cost Chinese potash supply pressures global potassium fertilizer prices, which could ease input costs for crop producers over time.
crugroup.comAuthor Sean Mulholland, Humphrey Knight China Potash Import/ExportJan 8, 2019
prnewswire.comCRUJan 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.
