Crisis-hit Belarus reached an unexpected agreement with China on Thursday over 2015 prices for the crop nutrient potash, undercutting Russian and North American rivals who were negotiating for higher rates.
Potash Corp of Saskatchewan said on Wednesday that its three representatives quit the board of Chilean fertilizer group SQM due to concerns that SQM was not adequately investigating allegations of wrongdoing or fully cooperating with Chile's public prosecutor.
A major factor affecting both cotton yield and quality is the availability of adequate and balanced nutrition. Soil nutrients are taken up by cotton in direct proportion to growth and temperature, with total nutrient uptake for nitrogen (N), phosphorus (P) and potassium (K) tracking cumulative heat units.
Although the earth contains enough potash to meet the increased global demand for crop production and U.S. supplies are likely secure, some regions lack potash deposits needed for optimal food crop yields, according to a recent USGS global assessment of potash resources.
Canpotex Ltd, owned by a trio of North American potash producers, is seeking an 8 percent, or $25 per tonne price increase in its 2015 potash supply contract with China's Sinofert Holdings Ltd, Mosaic Co Chief Executive Jim Prokopanko said on Wednesday.
Leakages of nutrients necessary for food production – especially nitrogen and phosphorus – cause severe eutrophication to the Earth's aquatic ecosystems and promote climate change. However, this threat also hides an opportunity.