Potash – Potash is taking its time to jump aboard the commodity rebound. The most recent deal for potash was settled between Canpotex and China to sell the crop nutrient for $370 per tonne, just $20 per tonne more than what the crop nutrient was fetching six months ago.
Potash – The rapid rebound in American demand has boosted potash. The US was late to jump on board to the recovery, but when it did, it came with impressive speed.
Potash Investing News reports potash prices may go higher with China’s demand. A quick rebound in potash demand could spell disaster for farmers. High fertilizer stockpiles mean that demand may be hard to meet when growers start buying. Yes, this sounds counterintuitive; however, as stockpiles reached record highs after six months of slow sales shippers idled [...]
Potash Investing News reports potash prices seen soaring over the years. The rising value of potash has been reflected in the revenue and profits of potash producers. For example, Potash Corp. saw potash sales hit $932 million for the three months ending December 31, 2008, nearly twice as much as the $479 million the company [...]
Potash Investing News reports high fertilizer prices as we go into a global recession. Despite grim circumstances for most commodity companies; Potash Corp of Saskatchewan’s (TSX: POT) 2008 net income doubled, in comparison to 2007. Net income increased to $788 million or $2.56 a share from $376.8 million or $1.16 a year earlier. Sales climbed [...]
Get our independent commentary on resource trends and companies delivered to your inbox.
