North America Potash Flash
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North America Potash Flash

 
May 17, 2017

The latest statistics released by The Fertilizer Institute (TFI) for the third quarter of the 2016/17 fertilizer year (Jan-Mar) continue to show improved industry fundamentals compared to a year ago as producer stocks were down 21% from last March on account of higher domestic and export sales even with an uptick in production. The numbers are consistent with our long-held view that 1) demand is on the rebound this year, 2) North American producers have permanently closed nearly 3.0 mmt of capacity, and 3) producers are operating remaining facilities at higher and more consistent rates in order to meet demand as efficiently as possible.

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