Crop fertilizer demand worldwide pushed prices higher in 2020, but as production for things like potash increases beyond market demand, that price strength likely won’t continue beyond the first few months of 2021, according to a new market report. It’s a marketplace with some potential new volatility heading into the new year; while farmers in the U.S. and Brazil are demanding more potash, for example, there are geopolitical issues in places like Belarus, a major exporter of the product. If those issues escalate, it could close that market or cause prices to spike. In general, ag retailers and farmers are advised to watch the pace of production and availability to get a feel for prices moving forward. See more.
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