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Five major potash producers saw average realized potash prices fall about 33% year over year in 4Q16. PotashCorp, Intrepid, Mosaic, Agrium and Israel Chemicals all reported lower per-tonne prices, with PotashCorp at $157/t.
Producers cited excess supply and weak demand as customers negotiated contracts or drew on inventories.
Persistent oversupply and softer contract pricing point to lower potash costs for fertilizer and feed-related inputs. The trend suggests limited near-term price support for the potash market.
marketrealist.comAdam JonesMar 7, 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.
