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Intrepid Says US Q1 Potash Demand ‘Reminiscent’ of 2008
May. 05, 2011 04:48PM PST
Agriculture InvestingMining Weekly reported on the surge in potash demand to near-record levels.
Mining Weekly reported on the surge in potash demand to near-record levels.
The editorial is quoted as saying:
Potash prices soared in 2008 to nearly $900/t as farmers and speculators bet that prices would continue to rise. After having dropped to around $350/t in the wake of the global recession, spot prices for the crop nutrient recovered to C$409/t in March this year.
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