Despite U.S. farmers move to plant more corn this spring, supplies will remain tight through 2012, according to the U.S. Department of Agriculture’s chief economist Joe Glauber. As the price of corn rises, so does the incentive for farmers to fertilize their crops; good news for potash and phosphate prices.
It has been a wild ride for the potash market. In 2008, the price of potash soared to $1,000 per tonne. In 2009, as the recession hit farmers in the pockets, the price retreated to $350 per tonne.
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 [...]
By Leia Michele Toovey-Exclusive to Potash Investing News As the recession spread across the globe, the value of crops plummeted and equity froze, forcing farmers into delaying applications of much needed fertilizer to their fields. This postponement has set the stage for the potash industry to boom. Farmers may skip using potash fertilizer for [...]
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