Potash markets globally have remained weak, not only in Southeast Asia where the tender season remains slow, but also in Brazil and China, which both saw price decreases. As the Southeast Asian tender season labours on, buyers and suppliers are finding it difficult to agree on price, with the former seeking $285-290/mt CFR and the latter holding out for closer to $300/mt CFR. This lack of agreement is putting further pressure on the regional market and is anticipated to result in another slide in prices before the season’s end.
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