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Russian potash producer Uralkali raised its 2017 global potash consumption forecast on improving demand. First-half net revenue rose 23% year-on-year to $1.095 billion, while net profit was roughly halved partly due to rouble devaluation against the dollar.
The company reported higher production and sales volumes.
A firmer global potash demand outlook from a major producer points to tighter fertilizer supply and supportive potash pricing, which raises input costs for crop producers and eventually feed grain costs.
dialnet.unirioja.esYoke San WongJan 1, 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.
