Investor Information
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Potash Price
Over the past two decades, Potash prices have been steadily rising. In recent years, rising demand coupled with mine depletion has resulted in strain on global supply of Potash. Fertecon Ltd.* forecasts demand will outstrip supply into the foreseeable future, contributing to long term price of potash to remain robust. After years of relative stability, potash prices have more than doubled since 2004. There have been dramatic price spikes recently, as evidenced in 2006 with 23% increase in China, 50% in Malaysia and 55% in Brazil – three of the world’s dominant potash consumers. In April 2008 China's Sinofert Holdings Ltd. reached an agreement to pay $400USD per metric ton (MT) higher than in 2007 raising the price to $576USD per MT for fertilizer delivered to Vancouver, British Columbia. Potash for delivery to Southeast Asia in 2009 has remained at more than $900.00 MT since hitting record levels in July 2008.
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