The second highest potash producing nation was Belarus, followed by Russia, China, Israel, Germany and the rest of the world. Who is going to buy the potash? Seems to me that the people buying in are going to be selling to each other on the way out if no else comes to the party.Quote from *********,
At present, the spot potassium chloride (MOP) price, fob, out of Vancouver is US$202 per tonne (A$285/t) – down 23% on US$265/t (A$375/t), which it commanded a year ago and most of 2019. despite the COVID-19 induced dip, it is still expected the potash price, along with market demand, will continue growing.
These people don't even understand the basics of supply and demand. If there is a shortage, the price goes up. Its not hard to understand.
Is real value being created? KLL has a lot of debt. .
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- Is there a supply shortage of Potash? down 23% from last year.
Is there a supply shortage of Potash? down 23% from last year.
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