Planting season is upon us at least for the northern hemisphere. This is a busy time of the year for many, including potash producers. Many of the potash companies have shared their quarterly sales results. What are we seeing?
Uralkali in April indicated that sales are up five percent.
PotashCorp announced in April that while overall sales are up slightly, North American sales surged by 24 percent.
Mosaic shared in February that their sales were down slightly from 1.8 million tonnes, to 1.7 million tonnes.
Finally Intrepid Potash’s April announcement indicated that potash sales had increased by over 30 percent to 242,000.
Is this just price elasticity? Or are there other factors at work?