Potash stockpiles at record high
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Post by Melissa Pistilli, Resource Reporter
Post by Melissa Pistilli, Resource Reporter
Potash Investing News reports high potash stockpiles due to sluggish economy and global financial squeeze.
Potash prices currently range from $750 to $850 per (US) tonne, according to USDA, with an average of $808. That’s more than $100 above fair value, according to Farm Futures pricing model. The latest North American data from The Fertilizer Institute shows potash stockpiles are nearly double last years level.
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