Like urea and phosphate prices (MOO), potash prices were also broadly flat to positive in the week ended February 23. Below, we’ll look at movements in prices of the granular and standard grade of potash at four locations.
Last week, granular potash prices in Brazil rose as much as 1% week-over-week to $294 per metric ton from $291 per metric ton a week ago. Similarly, in the NOLA (New Orleans) location, the granular potash prices rose by ~0.8% week-over-week to $217 per metric ton from $215 per metric ton a week ago. In contrast, the granular urea prices in the Cornbelt location of the US moved sideways to $248 per metric ton from a week ago.
The standard MOP (muriate of potash) prices, in Southeast Asia rose 0.4% week-over-week to $261 per metric ton from $260 per metric ton a week ago.
For Nutrien (NTR) (POT), Intrepid Potash (IPI), Mosaic (MOS), and Israel Chemicals (ICL), potash prices remained higher year-over-year. In Brazil, for example, granular MOP prices were up ~19% year-over-year, and in NOLA and the Cornbelt region, potash prices were up 8% each over the same period. Similarly, standard MOP prices in Southeast Asia were also up 7% year-over-year.
Next, we will discuss fertilizer affordability.