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K+S is entering the U.S. potash market and plans to sell up to 500,000 tonnes a year, about 7% of U.S. demand. U.S. potash prices have roughly halved since K+S began building its Legacy mine, to around $250 per tonne.
New supply entering a market that is already oversupplied keeps downward pressure on potash prices, which lowers input costs for fertilizer buyers but weighs on producer margins.
reuters.comMay 1, 2017Not 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.
