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PotashCorp expects global potash demand of 61-64 million tonnes in 2017, up from 59.6 million in 2016. It cites low inventories in North America, Latin America, India and China, plus favorable palm oil conditions in Indonesia and Malaysia.
Operating rates across the industry averaged 91.5% in 2016.
Expected demand growth above supply growth would support potash prices as buyers restock. The outlook depends on India's subsidy decisions and on whether excess capacity stays idle.
marketrealist.comAdam JonesFeb 28, 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.
