Southeast Asia: Forex rates continue to hit potash markets

摘要

Southeast Asian standard potash prices continue to be seen this week at $300-340/mt CFR with Malaysian currency depreciation continuing to hold down the low end of potash deals in the region. Malaysian prices are seen around $300-310/mt CFR as slightly higher deals on a ringgit basis are offset by currency depreciation against the dollar. The Malaysian ringgit has weakened 18% against the dollar in the last 12 months.