15 July 2008 16:55 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--Increasing the amount of potash applied to farms in China, India and Brazil to their recommended levels will increase global demand for the fertilizer by 45%, the chief executive of Potash Corporation of Saskatchewan (PotashCorp) said on Tuesday.
“Many countries are working to recover from years of under-applying this essential nutrient,” Doyle said.
Meanwhile, inventories of potash fertilizer were 50% lower in May than on average over the past five years, Doyle said.
One of the problems facing global potash capacity was how long it took to get a mine up and running - normally, five years - Doyle said.
Saskatchewan, a province in central Western Canada and one of the world’s largest deposits of potash, was facing “a situation similar to a gold rush”, Doyle said.
The Southwestern Fertilizer Conference, held annually in
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