The potash or Muriate of Phosphate (MOP) market has experienced a significant recovery since 2016. Potash prices are now approximately 58% higher than its lows in late 2016 and world demand has increased markedly. According to the Food and Agriculture Organization of the United Nations, world demand in 2019 for potash, in all its forms, is forecast to reach 68 million metric tons (mt). Potash demand has grown at 4% annually for the last 5 years, which is well above the long-term average of 2.8%. This growth is due to record demand from Brazil, North America, China, India and Southeast Asia.
Read more