uploads///Potash Prices

Analyzing Potash Fertilizer Prices for the Week Ending February 16

By

Feb. 22 2018, Updated 10:35 a.m. ET

Potash fertilizers

In the week ending February 16, potash prices were broadly flat to positive compared to a week ago. Prices continued to be higher than they were a year ago in 2017.

Article continues below advertisement

Weekly movements

In the NOLA (New Orleans) location, granular MOP (muriate of potash) prices rose 0.85% week-over-week to $215 per metric ton from $213 per metric ton a week ago. Similarly, in the Cornbelt region of the US, granular MOP prices rose 0.37% week-over-week to $248 per metric ton from $247 per metric ton a week ago.

In contrast to these two locations, the granular MOP prices in Brazil moved sideways week-over-week to $291 per metric ton. Similarly, the standard MOP prices in the Southeast Asia location also moved sideways to $260 per metric ton last week. With only a handful of players (MOO) such as Nutrien (NTR), Mosaic (MOS), Israel Chemicals (ICL), and Intrepid Potash (IPI), the supply has remained tight, which has supported prices this year.

Year-over-year performance

Year-over-year, granular MOP prices in Brazil were up 18%, while in the Cornbelt and the NOLA regions, prices were up 8% year-over-year last week. Similarly, the standard MOP prices in the Southeast Asia location were up 7% year-over-year last week.

Next, we’ll discuss fertilizer affordability.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.