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Several new potash producers, including EuroChem, plan to add output despite a global glut. EuroChem expects 1.1 million tonnes in 2018 and capacity of 8.3 million tonnes by 2024 or 2025.
BHP outlined tentative plans to start its Jansen project in Saskatchewan in 2023, and the surplus capacity over demand is put at 16.6 million tonnes this year.
A growing pipeline of new mines extends the oversupply and makes a near-term potash price recovery less likely, which keeps fertilizer costs low for feed producers.
grainews.caRod Nickel, GFM Network NewsMay 17, 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.
