North American potash sales jump, whittles down stocks

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

North American domestic sales of crop nutrient potash soared in May, when demand from spring planting whittled down large inventories at the mine level, according to data posted on Potash Corp of Saskatchewan's website.

Domestic sales, mainly to the United States, jumped 61 percent from April to 1.062 million tonnes. Those sales were also about 59 percent higher than a year earlier.

Cold weather that lasted later than usual gave U.S. farmers a shorter time frame to apply fertilizer and sow crops like corn, resulting in a flurry of field activity in May.

Stockpiles of potassium chloride, more commonly known as potash, slid about 138,000 tonnes from April to 2.89 million tonnes.

Inventories of the crop nutrient at the mine level still stood 20 percent above the previous five-year average. Potash production edged 1 percent higher from the previous month to 1.95 million tonnes.

Spot potash prices hovered slightly above $400 per tonne.

Potash supplies piled up last year as key global consumers China and India delayed signing new supply contracts with Canpotex, the offshore marketing company owned by Potash Corp and fellow producers Agrium Inc and Mosaic Co.

Potash exports by the North American producers dropped 21 percent in May from the previous month to 1.066 million tonnes.

The Western Canadian province of Saskatchewan, where Potash Corp has its headquarters, is home to nearly half of the world's estimated reserves of potash.

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

Kinze 1500 Grain Cart

The Kinze 1500 Grain Cart is engineered for speed and reliability required of custom harvesters. Load up to 1500 bushels ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form