Potash prices in Illinois have remained elevated through 2026, holding above prior-year levels and tracking close to 2024 price ranges. The article notes that fertilizer prices broadly have risen since late 2024, with the ongoing Iran conflict cited as a key driver of elevated prices and volatility across fertilizer markets, including potash.
CEO of Brazil Potash notes 80% of seaborne potash comes from three countries, causing extreme price swings from $280 to $1200/T due to geopolitical disruptions. Regional sources are vital for reducing vulnerability. Direction: continued volatility until supply chains diversify.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Potash | China | FOB | USD 527.15/MT | June 2026 |
| Potash | India | CIF | USD 614.70/MT | June 2026 |
| Potash | USA | FOB | USD 744.17/MT | June 2026 |
| Potash | Brazil | CIF | USD 559.00/MT | June 2026 |
| Potash | Canada | CIF | USD 744.17/MT | June 2026 |
| Potash | China | FOB | USD 523.30/MT | May 2026 |
| Potash | India | CIF | USD 590.64/MT | May 2026 |
| Potash | USA | FOB | USD 709.83/MT | May 2026 |
| Potash | Brazil | CIF | USD 841.83/MT | May 2026 |
| Potash | Canada | CIF | USD 709.83/MT | May 2026 |
Stay updated with the latest potash prices, historical data, and tailored regional analysis
Asia
Potash prices in China declined to ~RMB 4.06/kg in April and ~RMB 3.54/kg in the following month, showing a ~12.7% decrease. Despite the monthly decline, Asian markets received support from stronger international contracts and supplier negotiations. A new MOP contract between major suppliers and Indian buyers was established at a higher level than the previous agreement, reflecting firm global benchmarks and export availability constraints. Demand from China, India and Southeast Asia supported regional consumption, while offshore supply commitments remained strong. However, domestic purchasing patterns and inventory management limited immediate price increases in some Asian markets. Agricultural demand remained the main driver, with crop economics influencing fertilizer buying decisions.
Europe
Potash prices in Germany showed a firmer trend, supported by seasonal fertilizer demand and higher producer pricing. European markets benefited from spring application activity, which improved order flow across agricultural regions. However, weak grain economics and farmer sensitivity toward fertilizer costs limited stronger price increases. Supply availability remained adequate, preventing significant shortages, while higher production and logistics costs provided some support to supplier offers. Demand growth remained moderate as farmers balanced crop requirements with input affordability.
North America
Potash prices in the United States declined to ~USD 743.67/MT in April and ~USD 709.83/MT in May, showing a ~4.6% decrease. Retail markets remained relatively stable as available inventories and cautious farmer purchasing limited direct price movements. Producer pricing remained stronger due to improved offshore demand and firm international markets, but higher production volumes helped maintain supply availability. Potash output increased among major producers, reducing the risk of tight supply conditions. Delays in new mining capacity development supported long-term supply concerns but had limited impact on Q2 availability.
Analyst Insight
According to Procurement Resource, potash prices are expected to remain supported by agricultural demand and supplier discipline, while inventories and farmer purchasing decisions will influence short-term movements.
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Asia
In Asia, overall market conditions remained firm during Q1’26 as tight supply, low inventories, and seasonal fertilizer demand kept prices supported. According to the latest U.S. Geological Survey data, global potash production was estimated at ~49 million metric tons in 2025, with China producing only ~6 million metric tons, which kept Asian buyers closely tied to global supply availability and export conditions. In China, the market moved upward early in the quarter and then stayed elevated before shifting into a more cautious pattern. Domestic supply remained under pressure from lower mineral quality and seasonal maintenance, while imported cargo continued to play an important role in balancing availability. Demand from compound fertilizer producers and spring planting requirements supported buying interest, while India also remained part of the strong regional demand base that kept sentiment firm across Asia.
Europe
In Europe, potash prices were supported by continued dependence on international supply and the tight global market balance. Since the region relies heavily on imported material, price direction remained linked to export availability from major producing countries and the broader trade environment. Demand from the fertilizer sector stayed steady, which helped maintain market support through the quarter even as buyers remained cautious.
North America
In North America, potash prices remained firm as the region stayed central to global supply and export flows. Canada remained the largest producer globally, which kept the region in a key position within international trade and supported firm pricing sentiment. Stable agricultural demand and the broader balance between limited supply growth and ongoing fertilizer requirements also helped keep prices supported.
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.
KCl, 0-0-60
Food, Fertiliser, Animal Seed, Soaps, Water Softeners, Glass
Nutrien Limited, The Mosaic Company, Intrepid Potash Inc, Arab Potash Company, EuroChem Group AG, Thermo Fisher Scientific Inc.
CurrencyUS$ (Data can also be provided in local currency)
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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.
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