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Fertilizer makers including Agrium and PotashCorp are shifting more production to industrial uses such as diesel exhaust fluid, white potash and oil drilling, to offset a severe slump in fertilizer prices. Potash and phosphate prices hit multi-year lows in 2016 amid a capacity glut and weak crop prices.
Diverting capacity to industrial markets may tighten agricultural supply somewhat, but the capacity glut persists, so ag fertilizer prices are unlikely to rebound quickly.
jamestownsun.comReuters MediaJan 11, 2017Not enough comparable past events yet for a historical read.
Not 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.
