2013 potash market strengthens. https://www.indmin.com/Article/3222530/Channel/19523/2013-potash-market-shows-strength-over-2012-levels.html
2013 potash market shows strength over 2012 levels
24 June 2013
by John Ollett
Phosphate market trapped in holding pattern; Saskatchewan agriculture improves
Keywords: potash, phosphate, fertiliser, PotashCorp, Canada, US, Saskatchewan
Improved demand for potash is expected in all global regions through the rest of 2013 on the back of increased crop production, according to PotashCorp.’s latest market report.
“We expect global potash demand will increase to a range of 55-57m tonnes in 2013 from 51m tonnes last year,” the report stated.
One of the major challenges to the industry in 2012 was the large multi-year supply contracts being negotiated between leading producers and China and India.
Delays in settling these contracts led to muted demand from these regions. Now that the contracts have been settled, demand is expected to increase.
“China’s demand is expected to rise to approximately 11.5m...
note the increase alone is 4-6x Allana's planned potash production.
Hopefully the trend continues into 2114.