Baader Bank, Unterschleißheim, Germany, this week reiterated K+S Group, Kassel, as a trading idea for the second half of this year as it sees the European potash market environment as favorable during that period and in 2022.
Baader analyst Markus Mayer, as cited by a Bloomberg report, said European demand is increasing amid concerns around sanctions on Belarusian potash exports, while buyers of potash in Brazil and Southeast Asia “appear to have stepped back temporarily.”