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Potash Price Update for the Week Ending September 29

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Potash prices

During the week ending September 29, 2017, potash prices didn’t show movement at the three locations discussed below. So far this year, potash prices have moved higher compared to the levels observed last year. The market saw a tighter supply and firmer demand as the inventory ran lower with the customers.

With a few potash producers (MOO) like PotashCorp (POT), Uralkali, Belaruskali, Agrium (AGU), Israel Chemicals (ICL), and Mosaic (MOS), the demand is controlled for the fertilizers.

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Weekly movements

Potash prices in the US Cornbelt region remained flat week-over-week at $231 per metric ton. It was the second consecutive week that the potash prices at this location trended sideways. The potash prices at this location were 5% higher YoY (year-over-year) from $220 per metric ton.

The potash prices at the Brazil location also moved sideways in the week ending September 29 to $273 per metric ton. It was the second consecutive week that the potash prices at this location moved sideways. The potash prices at this location have risen as much as 16% YoY from $235 per metric ton.

In the South East Asia location, the potash prices also moved sideways last week to $249 per metric ton. The potash prices at this location rose 3% YoY from $242 per metric ton.

In the next part, we’ll discuss how fertilizer affordability changed last week.

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