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Phosphate and potash markets are recovering after two years of low prices, with NOLA barge MOP prices bottoming in the low $170s per ton in July 2016. Several North American potash mines closed, removing an estimated 3.1 million tons of annual capacity.
North American MOP output fell 2.3 million tons KCl in the first three quarters of 2016.
Capacity closures tighten potash supply, supporting firmer potash and phosphate prices into 2017 and raising input costs for feed producers.
croplife.comMike RahmFeb 2, 2017Not enough comparable past events yet for a historical read.
Not 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.
