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Potash Corp shares sold off over two weeks as investors reacted to weaker fertilizer earnings and reports that India may cut subsidies tied to potash shipments. The article notes soft Indian and Chinese demand against rising capacity and shipments in 2017.
It suggests a long recovery timeline for potash prices.
Soft import demand from India and China plus rising supply keeps potash prices under pressure. A cut in Indian subsidies could further reduce import demand.
seekingalpha.comPassage ResearchMar 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.
