New potash report shows increasing demand

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

The U.S. Geological Survey (USGS) released a new report showing that global potash markets are recovering from the economic downturn of 2010 as consumption is increasing and production is returning to pre-2008 levels.

The (USGS 2010 Minerals Yearbook on Potash, produced in July 2012, shows that although the majority of potash used in the United States continues to be imported, domestic production is increasing.

“Domestic production increased by 29 percent to 930,000 metric tons potassium oxide in 2010 from 720,000 in 2009. U.S. sales of potash increased by nearly 60 percent from that of 2009; and apparent consumption more than doubled to 5.6 million metric tons in 2010 from 2.5 million metric tons in 2009. World production of potash increased by 64 percent from that of 2009,” the report states.

Domestically, states leading the production list includes New Mexico, Michigan and Utah. Additional potash mines are planned in New Mexico. Globally, two major potash projects started in early 2012 including Intrepid Potash’s Carlsbad mine and K+S’s Legacy mine in Saskatchewan. Meanwhile, brownfield projects are ongoing for Potash Corp, Mosaic, Uralkali, SQM and Qinghai Salt Lake.

Momentum gained in 2010 in potash production and sales is expected to continue, according to the Arizonal Journal. The report notes, “World potash production and consumption are projected to continue to recover from the economic downturn that lasted into 2009. According to the International Fertilizer Industry Association, potash production was projected to increase in 2011 by seven percent from that of 2010 and by an additional three percent in 2012.” It also states, “Potash exploration and development is expected to remain very active during the next decade. …Increasing world population and its need for food will require continued increases in both potash production and consumption.”

Although potash production has remained relatively stable over the past few years in the United States, demand continues to outpace supply. Reported consumption was 5.9 million metric tons in 2007, 6.7 million in 2008, 2.6 million in 2009, 5.4 million in 2010, and an estimated 6.5 million in 2011.

Despite the fact that global potash demand growth was slower in the first quarter of 2012, the outlook for 2012 is still positive. Prices are anticipated to remain near fourth quarter 2011 levels.

To view the USGS report, click here.

Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...

Comments (0) Leave a comment 

e-Mail (required)


characters left

1325 Bushel Grain Cart

Equipped with a 22” computer balanced auger with 5/16” flighting,the unloading speed is 50% faster than smaller grain carts with ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form