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India Ratings and Research expects global potash prices to stay in a $200-300 per tonne range in the short to medium term. It cites faster projected capacity growth than demand growth, at 4.0% against 2.2% a year over 2015-2020.
A range-bound outlook with capacity growing faster than demand caps upside for potash prices. Buyers can expect limited price spikes beyond the current rebound.
financeintellect.comFI OnlineAug 30, 2018Not 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.
