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How Potash Prices Prices Performed Last Week

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Potash prices

Potash prices continued to be firm last week, which was a trend we’ve seen in potash prices for the most part of this year. Potash producers (MOO) have seen improvement in price realization. Intrepid Potash (IPI) has risen ~86.5% year-to-date, and PotashCorp (POT), Agrium (AGU), and Israel Chemicals (ICL) all are in positive territory so far this year.

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Weekly movements

Last week, the granular urea prices in the Corn Belt region of the US fell by 39 basis points week-over-week to $230 per metric ton from $231 per metric ton a week ago. Year-over-year, prices at this location remained higher by 5% from $220 per metric ton in the corresponding week a year ago in 2016.

In Brazil, granular urea prices rose by 37 basis points week-over-week to $274 per metric ton last week from $273 per metric ton a week ago. In Brazil, prices for the granular grade of potash were almost 17% higher last week compared to levels seen a year ago in the corresponding week of 2016.

Moving over to the Southeast Asia region, prices for the standard grade of potash rose by as much as 1.6% week-over-week to $253 per metric ton. Year-over-year, the potash prices in this location rose by 5%.

While potash prices remain firm, we’ll continue tracking weekly movements at the above three locations. We’ll look at fertilizer affordability next.

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