Loading…
Commentary highlights a possible Indian potash subsidy cut that could hurt potash demand and prices. It notes that potash prices remain near multi-year lows, about 75% below their 2009 peak.
India imports nearly its entire potash requirement, and Canpotex exports for Potash Corp, Mosaic and Agrium run through that market.
Indian demand is a major outlet for potash, so a subsidy-driven demand cut would extend downward pressure on prices. The risk is concentrated in import-dependent Indian buying.
fool.caNeha ChamariaFeb 24, 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.
