A few days ago, Belarus Potash Corp (BPC) made a forecast for the global potash fertilizer market. BPC estimates that global potash sales this year may fall below half of 2008 levels.
Peter Love, BPC's sales director, said that it is estimated that the global sales of potash fertilizer will reach 30 million tons in 2009, and may also drop to 25 million tons. In contrast, global potash sales in 2008 were 54 million tons. Since China has not yet confirmed the price of potash fertilizer this year, farmers have begun to reduce their potash fertilizer usage and instead use other compound fertilizers or organic fertilizers. Global potash fertilizer demand is still declining. Therefore, BPC’s forecast for total potash sales in 2010 continues to decrease.
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