uploads///Potash Prices

Potash Prices Rose in the Week Ending October 13

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Oct. 19 2017, Updated 9:38 a.m. ET

Potash prices

Potash prices continued to show strength in the week ending October 13. The prices at each of the three locations discussed below rose week-over-week. The prices continue to support companies’ (XLB) volume growth like PotashCorp (POT), Mosaic (MOS), Agrium (AGU), and Intrepid Potash (IPI). Let’s dig deeper into the movements at the locations below.

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Weekly movements

Brazil continued to drive potash prices. The prices for the granular-grade of potash rose by 73 basis points week-over-week to $276 per metric ton from $274 per metric ton in Brazil. In the US Cornbelt region, the prices for granular-grade potash rose by 39 basis points week-over-week to $231 per metric ton from $230 per metric ton a week ago.

The prices for the standard-grade of potash in the South East Asia region also rose last week by as much as 40 basis points week-over-week to $254 per metric ton from $253 per metric ton.

Yearly movements

YoY (year-over-year), the potash prices in Brazil were 16% higher last week from $237 per metric ton. However, the potash prices in the Cornbelt region and the South East Asia region had single-digit growth. Last week, the potash prices in the Cornbelt region rose 4% YoY. The potash prices rose 5% YoY in the South East Asia region last week.

In the next part, we’ll discuss fertilizer affordability.

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