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Potash prices have risen significantly across most regions in recent weeks, with midpoint prices up about $14-18/t since year-end in Southeast Asia, Brazil and the US. Market participants expect prices to keep rising through 2021.
The podcast discusses the drivers behind the increases.
Rising potash costs increase fertiliser expenses for crop producers, which can feed through to grain and oilseed production costs and supports demand-side pricing expectations.
argusmedia.podbean.comPodBean DevelopmentFeb 1, 2021Not 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.
