Consistent Long-term Price Growth
Potash prices have been steadily rising for nearly two decades. Rising demand in recent years, combined with limited global supplies and mine depletion, has led to significant price growth. This situation is expected to become more pronounced for the foreseeable future.
After years of relative stability, potash prices haveÂ more tahn doubled sinceÂ 2004. More recently, there have been dramatic price spikes recently (2006) such as 23% in China, 50% in Malaysia and 55% in Brazil â€“ three of the worldâ€™s dominant potash consumers. In February 2008 Sri Lanka agreed to new record potash price of $550.00.Â As farmers become biofuel miners, the demand for potash-based fertilizer is expected to continue its dramatic rise.