By Leia Michele Toovey- Exclusive to Potash Investing News Despite a bleak 2009, brokerage Credit Suisse released a note that is very bullish on the 2010 outlook for potash. During the last bull-run, high crop prices and limited potash supplies drove the price of the nutrient up to US$ 1,000 per tonne, from $150. Currently, [...]
By Leia Michele Toovey- Exclusive to Potash Investing News Potash producers are confident that the bottom has been hit; and 2010 will be a year of gradual improvement. Potash prices more than halved in 2009 as the effects of the recession rippled through the agriculture industry. Grain and food prices collapsed, and farmers in developing [...]
German fertiliser maker K+S expects lower price in its main product, potash, to help revive demand from farmers later this year. For full story, click here
K+S AG, Europe’s largest producer of potash, cut its 2009 and 2010 forecast for worldwide sales of the crop nutrient as demand from farmers slipped. For full story, click here
A sharp recovery in potash demand for delivery to fertilizer firms in the U.S. and Brazil in the second half already have boosted world quarterly average prices to $750/net ton. A year ago, potash cost $425/ton because of soft international demand. For full story, click here
Potash Corp. of Saskatchewan Inc., the world’s leading producer of its namesake crop nutrient, will continue to curtail output until demand from China increases. For full story, click here
Belarus, home to the world’s leading potash exporter, should not accept lower prices for the soil nutrient despite a dip in demand linked to the world financial slump. For full story, click here
Denver-based Intrepid Potash Inc., the leading producer of potassium fertilizer in the U.S., may reduce output of the crop nutrient by at least 28 percent this year as demand may remain lower than some analysts’ estimates. For full story, click here
Despite a planned eight-week output shutdown at the end of the month, PotashCorp anticipates an upswing in international potash demand later this year. For full story, click here
Uralkali declared that 2008 profit surged 172 percent year on year to $653 million, despite waning demand for its potash fertilizer in the fourth quarter. For full story, click here
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