Stockpiles weighing on Potash Prices

North American potash producers believe the potash market is due for a rebound after a dismal 2009, but analysts claim that potash prices will be sluggish to rebound in 2010.

Potash prices spiked at around US$1,000 per tonne in 2008, and producers struggled to keep up with demand. Over in North America, Canpotex, which markets and distributes potash produced by Saskatchewan’s three main players around the world, has yet to finalize its 2010 contract prices with Chinese importers.

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