Information Management to Maximize Your Yields

Potash supply tight

Now might be a good time to lock in your potash fertilizer needs. Potash helps plants survive in dry conditions, strengthens their roots and curbs the growth of some crop diseases.

North American potash supply will remain tight because of steady demand and the effects of maintenance shutdowns and other supply disruptions as producers bring on line recent mine- capacity expansions. Canpotex Ltd., the export arm of North America’s largest potash producers, has no spare supply to sell to India this quarter and won’t resume negotiations with Indian buyers until “late” in the period, said Mosaic Co. (MOS) Chief Executive Officer Jim Prokopanko.

The Indian Farmers Fertiliser Cooperative Ltd., a group representing 55 million farmers, said in May it might halt purchases of the crop nutrient unless Canpotex and other suppliers agreed to a 10 percent discount from the spot price and other conditions. Canpotex is the marketing arm of North America’s three largest producers: Potash Corp. of Saskatchewan Inc., Mosaic and Agrium Inc. (AGU)

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