Similar to what we saw for the price movements in phosphate fertilizers last week, potash fertilizers also had mixed movement at the locations discussed below.
The granular potash prices in Brazil saw the strongest momentum last week—compared to the other locations. The potash prices rose by 34 basis points week-over-week to $298 per metric ton from $297 per metric ton a week ago.
In the Cornbelt region of the US (MXI), the granular potash prices remained unchanged week-over-week at $247 per metric ton. In contrast, the prices in NOLA (New Orleans) declined by as much as 84 basis points week-over-week to $215 per metric ton from $217 per metric ton.
When we look at the standard grade of potash in the South East Asia location, we see that the prices rose by 37 basis points week-over-week to $273 per metric ton from $272 per metric ton a week ago.
Movements in 2018
The potash prices at each of the locations remain higher YoY (year-over-year). In Brazil, the granular potash prices have risen 18% in 2018. In NOLA, the prices have risen 6%, while the prices in the Cornbelt region have risen 5% YoY. The standard potash prices in the South East Asia location have risen 11% YoY.
Next, we’ll discuss fertilizer affordability.