Potash prices rise, despite decline in the Metals & Minerals Index, which lost lost 9.7 % since the July 2008.

According to a report:

Average spot potash prices (FOB Vancouver) climbed from US$802.50 per tonne in August to a new record of US$862.50 in September and were stable in mid-October at about US$865 (at US$1,000 cfr in many markets and 243 per cent above a year earlier). A strike at three of Potash Corp’s mines in Saskatchewan, record low North American inventories and sold-out contract volumes at major potash producers continue to underpin prices.

For full story, click here