China and India Bargain for Lower Potash
Analysts are predicting a drop in potash prices as the world’s two most populous nations continue to delay regular imports of the fertilizer in an attempt to get the lowest prices, Bloomberg reports. Demand for the potassium-based salt is elastic because farmers can opt to skip a season and rely on residual traces of the nutrient in the soil. Producers have responded to the months-long delays by cutting production, preventing an even steeper price drop.
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