RE: PREM6 Nov 2018 08:39
2016 was a challenging year for potash, but major market participants say 2017 brought improvements.
“Potash is certainly affordable. In terms of pricing we’ve seen a good appreciation. Prices are up, year-over-year, approximately 20%,” said Jochen Tilk, CEO of major potash and phosphate producer PotashCorp (TSX:POT,NYSE:POT) at the Citi Basic Materials Conference in November.
PotashCorp saw an average realized potash price of $179 per tonne in the third quarter, up from $150 in the year-ago period. Mosaic (NYSE:MOS), another key producer of potash and phosphate, notes that in Q3 its average MOP selling price, FOB plant, was $182, up from $160 a year ago.