K+S Raises Potash Prices for Fourth Time This Year on Demand
钾肥涨价了
By Richard Weiss - Dec 14, 2010
K+S AG, Europe’s biggest potash producer, raised prices for the crop nutrient for a fourth time this year on sustained demand from farmers.
K+S is raising prices for muriate of potash, or MOP, the most common source of fertilizer potassium, by 18 euros ($24) a metric ton to 335 euros for customers in Europe, spokesman Michael Wudonig said by telephone. Wudonig was responding to a report in the FMB Weekly Potash Report.
K+S AG had set prices at 297 euros in January, before pushing through the increases in subsequent months. Prices for wheat have gained 48 percent in the past six months, according to Bloomberg generic futures contracts on the Chicago Board of Trade. Futures on corn rose 49 percent, and on soy beans 26 percent, Bloomberg data show.
“Demand continues to be very high as rising prices for agricultural products are encouraging farmers to place orders,” Wudonig said.
K+S on Nov. 22 agreed to buy Canada’s Potash One Inc. to secure new reserves as demand for potash picks up and capacity at the Kassel, Germany-based is dwindling and factories running close to full speed. The deal gives it access to deposits including the Legacy Project, an advanced greenfield site that may yield as much as 2.7 million tons of potassium chloride annually.
To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5
@bloomberg.net.
To contact the editors responsible for this story: Benedikt Kammel at bkammel
@bloomberg.net.
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