We’ve Lowered Our Long-Term Price Forecast for Phosphate and Medium-Term Price Forecast for Potash
We’ve reduced our outlook for phosphate and potash prices as we expect more new capacity to come on line than we had forecast. Our 2025 phosphate price falls to $360 per metric ton (in real terms), down from $420. In potash, while we still expect a 2025 potash price of $260 per metric ton (in real terms), we don't see meaningful price expansion until after 2020.Our Mosaic fair value estimate falls to $30 per share from $33. Our Agrium U.S. share class fair value estimate decreases to $110 per s...
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