The Potash market is sinking. Potash had a substantial price decline in recent months. Prices in Brazil dropped from $1,200/ton in April 2022 to just $600/ton in November 2022.
I speculated that with Ukraine and Russia busy in their war, K supply will fall and prices will go up. But the Canadians exploited the situation to win market share and are flooding the market with potash.
I am losing a lot of money.
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