North American July Potash Inventory Down 15 Percent

Reuters reported producer level potash inventories dropped 15% in July, a key indicator of market sentiment.

As quoted in the report:

Stockpiles of potash fell 15 percent to 2.5 million tonnes in July from June, the biggest monthly drop of 2012 so far.

Inventories of the crop nutrient at the producer level now stand 30 percent above the previous five-year average, according to data posted on Potash Corp’s website.

Click here to read the full Reuters report.