Potash Prices to Flourish Further this Year, Says Scotiabank’s Mohr

Mining Weekly reported that spot potash prices are expected to rise at least another $30 per ton before the end of the year.

The market news is quoted as saying:

Canpotex, the cartel that markets Canada’s biggest potash producers’ output, said late in June that it had agreed a $70/t price increase with China for the second half of 2011, bumping up the price to $470/t.

To read the full market news, click here.