Potash prices > $650/t by end 2012TORONTO (miningweekly.com) – As the supply-demand equation for potash continues to tighten, prices will continue to climb, analysts said on Tuesday, with one predicting they may even top $650/t by the end of next year.
“The average spot price of potash should climb to at least $650/t by late 2012 – perhaps higher,” Scotiabank economics VP and commodity markets specialist Patricia Mohr told Mining Weekly Online.
from the same article... https://www.miningweekly.com/article/potash-prices-could-beat-650t-by-end-2012-2011-08-31
INDIA ON THE PROWL?
Indian media reported earlier this month that the government and private companies were looking to secure their own potash supplies, after bumping heads with Canpotex over pricing this year.
The Financial Express said on August 23 that the government would establish an investment fund to buy fertiliser companies abroad, potash miners in particular, in order to reduce the country’s dependence on imports, citing unnamed sources.