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Mar 18, 2010

India - The Largest Importer of Potash Fertilizer

BusinessWeek reports that India is the largest importer of potash and it is close to signing a major contract with Belarusian Potash Co. (BPC) to cover its dwindling supplies of fertilizer. Potash, phosphate and nitrogen are the three components of fertilizer and are applied together or separately to increase crop yields.

India imports about 5 million tons of potash a year under annual contracts. India's national government plans to remove the urea fertilizer subsidy in the near future.  This move from from a fixed subsidy system to a variable system will change the price farmers pay for fertilizer. 
Some Quick Potash Facts:
  1.  Potash is the only potassium fertilizer source; there are no practical substitutes.
  2. Only 12 countries produce potash. Canada, Russia, Belarus and Germany account for more than 75 percent of global supplies.
  3. Eight companies currently control more than 80 percent of global supply: Potash Corp of Saskatchewan (POT.TO), Mosaic Co (MOS.N), Agrium Inc (AGU.TO), K+S (SDFG.DE), Uralkali (URKA.MM), Silvinit (SILV.RTS), Belaruskali, and Israel Chemicals (ICL.TA)
  4. Two marketing conglomerates control more than 60% of the world's supply.  These are: 1) Canpotex - the global marketing representative for Potash Corp, Mosaic and Agrium; and 2) Belarussian Potash Co - the export agent of Uralkali and Belaruskali.
 For more see: India Will Offer Higher Price for Potash Than China, BusinessWeek, 17 March 2010.

About Margaret

CEO and Curator (The Food Museum) | Managing Director and Chief Editor (GR2 Global LLC) | Educator (UCLA PhD) | Researching and writing on global food issues, nutrition and health, sustainability, history (preservation), conservation (natural resources), and design.
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