spot potash prices at a record us$872.50

www.potashinvestingnews.com/407-spot-potash-remains-unchanged-in-january-and-february.html


Spot potash prices remain unchanged in January and February 2009 at a
record US$872.50 per tonne (FOB Vancouver), though new business has come to a
virtual halt, and this price level reflects transactions completed last year.
"Nevertheless, producers have not dropped prices and are determined to
hold onto the price gains of the past two years, even if this means negligible
sales in the near-term. Producers want to avoid undercutting fertilizer
distributors who paid high spot market prices in 2008," says Ms. Mohr. "The
contract shipments which do occur in the first half of 2009 will take place at
lucrative levels, reflecting recently negotiated contracts with Japan, South
Korea and Malaysia."