uploads///Potash Prices

Potash Prices Recorded Strong Gains Last Week

By

Oct. 9 2018, Updated 10:30 a.m. ET

Potash prices

Last week, potash prices recorded a strong weekly gain at the four locations discussed below. Potash prices continued to show strength, which increased optimism for companies (NANR) such as Nutrien (NTR), Intrepid Potash (IPI), Israel Chemicals (ICL), and the Mosaic Company (MOS).

Article continues below advertisement

Weekly movements

Potash prices in Brazil rose the most last week with a rise of 2.3% to $357 per metric ton from $349 per metric ton. In the NOLA (New Orleans) region of the US, potash prices rose by 75 basis points week-over-week to $245 per metric ton from $243 per metric ton. Similarly, in the Cornbelt region of the US, potash prices rose by 33 basis points week-over-week to $272 per metric ton. Saudi East Asia potash prices also rose 67 basis points to $299 per metric ton.

Yearly movements

Year-over-year, potash prices in NOLA were up by 21% from $201 per metric ton. In the Cornbelt region, prices were up by 18% from $230 per metric ton. In Brazil, potash prices were up by 28% from $273 per metric ton. In South East Asia, potash prices rose by 13% year-over-year from $263 per metric ton.

Next, we’ll wrap up this series by looking at 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.