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K+S CEO Norbert Steiner said the company will not undercut prices to sell volumes from its new Bethune mine in Saskatchewan. Output is expected to ramp to 2 million tonnes in 2018, with actual output of 1.7 to 1.8 million tonnes.
Market researchers expect 2018 potash demand of 66 million tonnes against global capacity of 84.4 million tonnes.
The pledge to hold prices limits the price pressure from new supply, but the capacity surplus over demand still points to soft potash prices.
farmtario.comReutersMay 9, 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.
