04 January 2010 18:23 [Source: ICIS news]
HOUSTON (ICIS news)--Canada’s Potash Corp of Saskatchewan (PotashCorp) reduced its price of potash for North American customers to $390/ton (€301/tonne) ex-warehouse, effective on Monday, down 11% from the previously posted price of $440/ton, the company said.
PotashCorp, the world’s largest fertilizer producer, said the $390/ton price for granular potash would be valid through 28 February.
“The price was set at $390/ton to keep us competitive in the North American market,” said PotashCorp senior vice president Tom Pasztor.
The price posting followed the 3 January reopening of PotashCorp’s 3.8m tonne/year mine at Lanigan, Saskatchewan, that had been idled since 29 November.
The 400-employee Lanigan mine was brought back into production strictly for inventory management, Pasztor said.
Global demand for potassium fertilizers for use on northern and southern hemisphere crops is expected to increase in 2010.
($1 = €0.70)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|