# Undaunted by glut, new potash players bank on fertilizer rebound - Grainews

> 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.

- Date: 2017-05-17 · published 2017-05-17T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/71328-undaunted-by-glut-new-potash-players-bank-on-fertilizer-rebound-grainews
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- POTASH: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/undaunted-by-glut-new-potash-players-bank-on-fertilizer-rebound/

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