Get the latest insights on price movement and trend analysis of Potash in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
In China, Malaysia and Indonesia, price of potash was high in the second quarter of 2022. In Southeast Asia, Malaysia and Indonesia are major potash-consuming countries where the prices rose sharply. Global sanctions on potash from Belarus and restricted exports from Russia also accelerated the potash prices due to limited supply.
In Europe, the potash market witnessed an uptrend in prices following the Ukraine-Russia war which resulted in global supply chain disruptions and potash prices were expected to rise even further in future.
The prices for potash mostly remained on the lower side in Q2 of 2022. Potash prices in the US in May were even lower than those in April as a result of import volumes from Canada and Russia. For instance, the FOB NOLA granular barge prices per ton were down from 800 USD in April to around 770-780 USD in May. Even though the river terminal prices were higher than the barge prices at around 780-815 USD per ton, they had still fallen by 25 dollars month-over-month.
In Brazil, the potash demand was low in the second quarter of 2022 which caused a downward price trend, not just locally but all around the world. The spring season had begun late which led to low demand and did not prompt fill buying for potash as prices remained on the downward side.
Following Western economic sanctions against a major potash supplier in Belarus, potash prices in the United States and Brazil are at multi-year highs. The strong worldwide demand and limited supply are contributing to the price increase. On March 9, the price of poash in the United States reached an all-time high of 815 USD/MT. Brazil is also on the lookout for a new fertiliser supply, as the conflict in Ukraine threatens to halt nutrient exports to the country. Brazil imports around 85% of its fertiliser, with Russia accounting for about a fifth of those imports. The Russian commerce ministry has requested that fertiliser exports be halted. There were several challenges with global fertiliser supplies even before the conflict.
The price in Asia declined in the fourth quarter after reaching a new high the previous quarter. During the festive season, the market in India turned bullish, backing this strong rise in India. Following a dip in demand during the holiday season, the trend reversed in the final month of the quarter. Price continued to fall in December, with supply outstripping demand. Traders remained anxious about their inventory levels, and vigorous negotiations to encourage the sale of current goods before the end of the year were allowed to continue.
During the fourth quarter of 2021, the price continued to rise. Although demand from downstream sectors such as fertilisers was low, availability remained low as transportation operations were halted in some regions due to weather conditions, maintaining potash prices modestly. Trading operations in Asia and Europe remained limited due to congestion on key trade routes, high freight costs, and other issues. A lack of containers also influenced the price in the region.
Price in North America was held in a constant to tight range in Q4 due to insufficient demand. As the holiday season approached, buyer interest waned in the last two months of the year. Muriate Of Potash prices were quoted at 800 USD/MT CFR New York. The demand dropped even more at the peak of the winter season, as end-use sectors had already purchased enough cargoes at the start of the quarter. The price remained steady in Q4 due to unbalanced demand and supply dynamics.
Price in Brazil in December had increased by 550 USD/MT by the end of December 2021 and CFR potash prices were reported at 800 USD/MT. The price increased in the region as imports dwindled and demand increased as the Brazilian agricultural land was lacking in potash which increased the fertilizer demand, thereby causing the price to soar.
Prices in Brazil increased in May-June. In the first quarter, CFR potash prices were around 245 USD/MT which increased in the May-June period and remained high for the rest of the year. The prices increased by 550 USD/MT, to 800 USD/MT following a shortage in supply as Belarus exports faced sanctions even though Brazil had not announced any sanctions on Belarus. Brazil also faced import competition from Canada which was the second largest importer of potash in 2021.
In April 2020, the Muriate of Potash (MOP) prices in Brazil were reported at 215 USD/MT following which the prices witnessed an upward trend in the region.
Procurement Resource provides latest prices of Potash. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Potash for several countries around the globe, which are as follows:
Potash is composed of several mined and manufactured salts that include potassium in water-soluble form. The name derives from pot ash, that basically refers to plant ashes soaked in water in a pot. Its ores are generally rich in potassium chloride (KCl), sodium chloride (NaCl) and some other salts and clays.
Chemical Formula of Potash:
The primary chemical compound in the reaction is potassium carbonate, which is derived by leaching the ashes in big iron pots to dissolve out the soluble components. Evaporation of the solution using percolation results in the production of Potash.
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
We aim to provide one-stop solution for all procurement and sourcing information by engaging newest form of technology and methodology. Our team of analysts offers compete and all-round support and are ready with answers to any questions related to the reports after they are purchased by our clients.
Procurement Resource supports its clients with highly customised reports that are created focussing on their needs and requirements. We also provide our clientele with specialised assessments and evaluations for their procurement team which help them take timely decisions and strategize their plan of actions according to the present need of the market.
We follow an extensively results-driven approach to provide our clients with superior quality solutions and most newly gathered information that helps our clients to attain procurement brilliance. Our team of experts concentrate on presenting both qualitative aspect and accuracy of the report.