Last week, which ended December 15, 2017, potash prices at the locations we’ll look at below were broadly flat to positive. Stability in potash prices continues, much to the relief of producers (XLB) such as PotashCorp (POT), Mosaic (MOS), Agrium (AGU), and Intrepid Potash (IPI).
Last week, granular potash prices at NOLA (New Orleans) rose 1.3% to $207 per metric ton from $204 per metric ton a week ago. Prices rose 9% year-over-year from $191 per metric ton a year ago.
In contrast, granular urea prices in the US Cornbelt moved sideways week-over-week to $236 per metric ton. Year-over-year, prices rose 6% from $223 per metric ton.
In Brazil, granular potash prices also moved sideways week-over-week to $276 per metric ton, making it the tenth consecutive week of no changes in price. However, year-over-year, granular potash prices at this location rose 16% from $237 per metric ton.
A similar trend was also observed for prices of standard grade potash last week in Southeast Asia. Prices moved sideways week-over-week to $259 per metric ton, making it the third consecutive week of movement without change. Year-over-year, standard potash prices at this location rose 7%.
Next, we’ll look at fertilizer affordability for the week ended December 15, 2017.