India Has Substantial Amount of Potash Stockpiled

The Globe and Mail reported that India has a substantial amount of potash stockpiled, which is going to curb their demand and possibly create problems for North American producers who already have large supplies.

As quoted in the market report:

Indian sources say the country, one of the world’s top potash importers, has stocks to last farmers into late spring, pushing out the likely date when they would need to buy more from Canpotex Ltd., which makes export sales on behalf of leading North American producers Potash Corp. of Saskatchewan, Mosaic Co. and Agrium Inc.

To view the full Globe and Mail report, click here.