All Posts from May 27, 2020

China K Prices May Not Hit $300/mt before 2023, Says Mosaic CEO

“We were back up at $290/mt in China over a three-year period, so does it take another three years to get back to $300/mt? Probably,” said Mosaic President and CEO Joc O’Rourke on May 27 at the Bernstein 36th Annual Strategic Decisions Conference, a virtual industry conference, which was covered by Bloomberg. China prices dropped to $220/mt in the recently concluded contract. O’Rourke said large inventories of potash prompted buyers to hold off on purchases this spring, which gave China a strong position in contract negotiations.

 “I was very disappointed” in the China contract price as “I don’t think it’s particularly good for the market.”

Southwestern Conference Cancelled

The Southwestern Fertilizer Conference Executive Committee made the decision this week to cancel this year’s conference scheduled for July 19-23, in Denver. SWFC said the decision was based on the nationwide uncertainty surrounding COVID-19. Refunds are being processed.