Potash prices to fall to lowest since 2007, says Macquarie (POT; MOS; AGU; SOIL)

From Agrimoney:

World potash prices are poised to fall to levels not seen since 2007 - a decline potentially fuelled by the break-up of the system of annual contracts with China and India, which act as key industry benchmarks, Macquarie said.

The bank forecast potash prices, as measured in the port of Vancouver, dropping to average $270 a tonne in the last quarter of this year, down from a current level of $305 a tonne.

By 2018, the potash price will fall further, to average $250 a tonne.

"We see no upside for potash prices over the next four years," Macquarie said....MORE

SOIL is the Global X fertilizer/potash ETF. We don't much care for it as a vehicle and use it only for illustration. Via FinViz