Potash has risen from relative obscurity, to one of the most talked about commodities in the global market, thanks to its application as a fertilizer. As the world’s population increases, and the amount of arable land shrinks, the necessity to get the most food production from a finite land base has resulted in a skyrocketing interest, and demand for potash.
Allana Potash Corp. (CVE:AAA) reports that it has scheduled a conference call to review the updated National Instrument 43-101 compliant Mineral Resource Estimate on its Danakhil Potash project, Ethiopia.
Allana Potash Corp. (CVE:AAA) reports that it has received an updated National Instrument 43-101 compliant Mineral Resource Estimate on its Danakhil potash project, Ethiopia.
Allana Potash Corp. (CVE:AAA) announced it has intersected new potash mineralization in the southwest portion of its property.
Despite weeks of negotiations, India has yet to reach a potash supply agreement with major potash suppliers, including Canpotex, and is holding out for a lower price in order to bridge the gap between the international price of potash and the benchmark import parity price fixed by the government.
Allana Potash Corp. (CVE:AAA) announced it has intersected significant potash mineralization.
According to market experts high food prices are likely to persist for the next few years. However, high food prices are good news for potash prices, because as the price that farmers can sell their crops for rises, so does their cash flow to spend on fertilizer.
Allana Potash Corp. (CVE:AAA) reports intersecting highest grade potash to date.
Fertilizer producer stocks were hit by last week’s sell-off; however, investment firms are maintaining their bullish stance on the sector’s outlook.
Allana Potash Corp. (CVE:AAA) reports will begin trading on the OTC market on Tuesday May 10, 2011.
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