Intrepid Announces $80 Increase to Potash Price[url=https://www.streetinsider.com/Globe+Newswire/Intrepid+Announces+%2480+Increase+to+Potash+Price%3B+%2450-%2455+Increase+to+Trio®+Price/18787304.html]https://www.streetinsider.com/Globe+Newswire/Intrepid+Announces+%2480+Increase+to+Potash+Price%3B+%2450-%2455+Increase+to+Trio®+Price/18787304.html[/url]
Denver, CO, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE: IPI) (“Intrepid”) today announced the following increase to its potash and Trio® pricing, effective August 9, 2021.
- $80/ton increase to Ag potash price at all locations and for all product grades. Intrepid is now posted at $200/ton above the 2021 summer-fill price levels announced in May 2021.
- $50-$55/ton increase to Trio® price depending on grade.
“Attractive grain prices and farmer economics continue to support the global and domestic potash market,” said Bob Jornayvaz, Intrepid’s Executive Chairman and CEO. “This price increase aligns our posted pricing with the spot potash price levels we are currently seeing in the Cornbelt, and we expect this announcement will give our customers the confidence to place orders for fourth quarter delivery. With robust demand expected to continue into the spring season, we plan to limit our potash and Trio® orders to historic customers and volumes in the fourth quarter.”