# K+S vows new Saskatchewan mine won't undermine prices | Farmtario

> 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.

- Date: 2017-05-09 · published 2017-05-09T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/71327-k-s-vows-new-saskatchewan-mine-won-t-undermine-prices-farmtario
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

The pledge to hold prices limits the price pressure from new supply, but the capacity surplus over demand still points to soft potash prices.

## Read by commodity

- POTASH: bearish ▼

## Sources

- farmtario.com: https://farmtario.com/daily/ks-vows-new-saskatchewan-mine-wont-undermine-prices/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.