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High rise crystals: prices for potash were up 25% in Q2 2011 from the same period in 2010, and are expected to increase further in 2011.
Sylvinit |
The world’s biggest potash producers have now set their potash prices for the rest of the year and for the beginning of 2012. With no surprise, these prices follow the trend of regular growthÊoverÊrecent months, owing to a tight market and a demand expected to increase steadily.
As the International Fertilizer Industry Association (IFA) underlined in its latest market outlook, world demand for fertiliser in 2010-11 is estimated up 5% on 2009-10 to 172.1m tonnes.
“Global fertiliser demand in 2011-12 is seen as rising more modestly, by 2.5% to 176.4m. tonnes. Potassium demand would recover fully (+5.5%) back to the 2007-08 high,” the IFA said.
Fertiliser consumption is expected to rise...