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class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/net-zero">Net zero overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/biofuels-and-feedstocks">Biofuels and feedstocks</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/ammonia">Ammonia</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/hydrogen">Hydrogen</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/battery-materials">Battery materials</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/products/argus-biomass-markets">Biomass</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/electric-power">Electric power</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz">Chemicals</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/chemicals">Chemicals overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/methanol">Methanol</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/polymers">Polymers</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/light-olefins">Light olefins</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/heavy-olefins">Heavy olefins</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/aromatics">Aromatics</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/octane-blending">Octane blending</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/chlor-alkali">Chlor-alkali</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/polyurethanes">Polyurethanes</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/oleochemicals">Oleochemicals</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz">Fertilizers</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/fertilizers">Fertilizers overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/ammonia">Ammonia</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/nitrogen">Nitrogen</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/npks">NPKs</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/phosphates">Phosphates</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/potash">Potash</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/sulphur-and-sulphuric-acid">Sulphur and sulphuric acid</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/sustainable-and-specialty-fertilizers">Sustainable and specialty fertilizers</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz">Metals</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/metals">Metals overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/steel">Steel</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/steel-raw-materials">Steel raw materials</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/battery-materials">Battery materials</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/specialty-and-minor-metals">Minor metals</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/rare-earths">Rare earths</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/alloys">Alloys</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/scrap">Scrap</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/pipe-and-tube">Pipe and tube</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/base-metals">Base metals</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/commodities/agriculture">Agriculture</a></li></ul></li><li class="MainNavigation_primaryItem__myUif qa-nav-primary-items "><button type="button" class="cta MainNavigation_primaryLink__tYxec">Industries</button><ul class="MainNavigation_secondaryList__iQt0k qa-nav-2nd"><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta 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class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/aviation">Aviation</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/petrochemicals">Petrochemicals</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/natural-gas-and-power-distribution">Natural gas and power distribution</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/power-generation">Power generation</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/mining">Mining</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/industrial-manufacturing">Industrial manufacturing</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/automotive-manufacturing">Automotive</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/agri-industry">Agri-industry</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/storage-terminals">Storage terminals</a></li></ul></li><li class="MainNavigation_primaryItem__myUif qa-nav-primary-items "><button type="button" class="cta MainNavigation_primaryLink__tYxec">Solutions</button><ul class="MainNavigation_secondaryList__iQt0k qa-nav-2nd"><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/solutions">Solutions overview</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/solutions/products">Products</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz">Commodity prices</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/commodity-prices">Commodity prices overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/methodology/key-commodity-prices">Key price assessments</a></li><li class="MainNavigation_tertiaryItem__JMSfK 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term outlooks</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/analytics-and-forecasting/long-term-analytics">Long term analytics</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/analytics-and-forecasting/argus-forward-curves">Forward curves</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/analytics-and-forecasting/data-science-and-machine-learning">Data science and machine learning</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/solutions/consulting-projects">Consulting projects</a></li><li class="MainNavigation_secondaryItem__b3LkS 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Studio</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver/argus-open-markets">Argus Open Markets</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/products/argus-spot-ticker">Argus Spot Ticker</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver/channel-partners">Channel partners</a></li></ul></li></ul></li><li class="MainNavigation_primaryItem__myUif qa-nav-primary-items "><button type="button" class="cta MainNavigation_primaryLink__tYxec">Events</button><ul class="MainNavigation_secondaryList__iQt0k qa-nav-2nd"><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta 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themes</a></li></ul></li><li class="MainNavigation_primaryItem__myUif qa-nav-primary-items "><button type="button" class="cta MainNavigation_primaryLink__tYxec">Methodology</button><ul class="MainNavigation_secondaryList__iQt0k qa-nav-2nd"><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/methodology">Methodology overview</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/methodology/methodologies">Browse Argus methodologies</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/methodology/key-commodity-prices">Key commodity prices</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" 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class="HeroBanner_titleAndDescription__0Cj9_"><h1 class="qa-banner-title">Potash</h1><div class="h4 qa-banner-description">Market moving insight on the potash market – delivering robust price assessments, actionable commentary, powerful data, vital analysis and outlooks</div></div></div></div></div></div></div></div><div class="component small grey "><div class="component-content"><div class="PageSubnavigation_container__yH3q7 qa-subnavigation-bar container"><div class="PageSubnavigation_outer__ocRn_"><div class="PageSubnavigation_bar__Cf50a"><a href="#overview" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Overview</a><a href="#news" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Latest news</a><a href="#spotlight" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Spotlight content</a><a href="#products" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Explore our potash products</a><a href="#prices" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Key price assessments</a><a href="#events" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Related events</a><button type="button" class="PageSubnavigation_showMore__2Z47G cta ">More</button></div></div><div class="PageSubnavigation_drawer__lxQUi grey " style="left:0px"><div class="container"><div class="PageSubnavigation_drawerInner__Q_bJs"><div class="PageSubnavigation_drawerItems__AwukY"><a href="#overview" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Overview</a><a href="#news" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Latest news</a><a href="#spotlight" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Spotlight content</a><a href="#products" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Explore our potash products</a><a href="#prices" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Key price assessments</a><a href="#events" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Related events</a></div></div></div></div></div></div></div><div class="component component-padding PageIntroduction_pageIntroduction__BoFDD white" id="overview"><div class="component-content"><div class="container"><div class="PageIntroduction_row__DH0rm row"><div class="col-12 col-lg-8"><div class="qa-pageintroduction-section"><h2 class="qa-pageintroduction-title">Overview</h2><div class="PageIntroduction_description__hOYK7"><div class="qa-pageintroduction-textfield"><p>The potash market has been disrupted from its traditional trade flows and typically slow-moving price cycles, affected by new entrants, new mines, military conflicts and political tensions in countries that either produce or consume some of the largest quantities of potash in the world. The need for accurate insight and data is more acute than ever.</p> <p>Our extensive potash coverage includes MOP, SOP and NOP. Argus has many decades of experience covering the potash market and we incorporate our multi-commodity market expertise to provide potash price assessments, analysis and data that provides the full narrative. <br /> <br /> <strong>Argus support market participants with:</strong></p> <ul> <li>Weekly potash price assessments, proprietary data and market commentary</li> <li>Short and medium to long-term forecasting, modelling and analysis of potash prices, supply, demand, trade and projects</li> <li>Bespoke consulting project support</li> </ul></div></div></div></div></div></div></div></div><div class="component component-padding grey " id="news"><div class="component-content"><div class="container"><div class="row"><div class="col-12 col-lg-7"><h2 class="qa-combinedfeed-title section-heading">Latest potash news</h2><p class="qa-combinedfeed-description">Browse the latest market moving news on the global potash industry.</p></div></div><div aria-live="polite" class="Tabs_tabs__tVXxO secondary"><div class="qa-tabspanel-list Tabs_panel__uEe2n current" role="tabpanel"><div class="row"><div class="col-12 col-lg-6"><a class="qa-combinedfeed-primary-item News_link__TcfaC News_primary__Fop2j white" href="/en/news-and-insights/latest-market-news/2658548-peru-backs-saudi-critical-minerals-hub-plan"><div class="News_primaryInner__9SOga"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest potash news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">15/02/25</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr h2 d-none d-lg-block">Peru backs Saudi critical minerals hub plan</h3><h3 class="qa-combinedfeed-item-title News_headline__JsnZr d-lg-none">Peru backs Saudi critical minerals hub plan</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Munich, 15 February (Argus) — Peru's foreign minister Elmer Schialer today said he supports US policy backing Saudi Arabia's efforts to become a global critical minerals powerhouse, a strategy that aims to counterbalance China's dominance and bring down costs. Speaking at the Munich Security Conference, Schialer called the US approach "a good strategy". Schialer was responding to a question on whether the US' backing of Saudi Arabia's efforts to become a critical minerals refining and processing hub was a good idea. "I think we ought to give it a try, because when we have two, three or four main centers of refinement and the finalizing the product, the cost will also eventually go down, which is also very important, economically speaking," Schialer said. Led by the US, western countries are keen to loosen China's stranglehold on access to critical minerals. China controls about 90pc of the world's capacity for processing the minerals and has steadily tightened restrictions on exporting the materials and technology needed to process them. Beijing imposed new restrictions on exports to the US in late January in response to President Donald Trump's tariffs on imports to the US from China. Saudi Arabia in recent years has made strides in positioning itself on the global critical minerals map. As part of its economic diversification plan Vision 2030, the kingdom aims to strengthen local processing and industrial value added, while building supply chains that are more resilient to global disruptions. Saudi Arabia also has reiterated its commitment to developing its substantial reserves of copper, gold, rare earths, potash, and bauxite, while also expanding domestic electric vehicle manufacturing. Riyadh in January unveiled plans to develop a new mineral investment project valued at $100bn, $20bn of which was already in the final engineering phase or under construction. The kingdom's Ministry of Industry and Mineral Resources increased its estimate of the value of its unexploited mineral resources from $1.3 trillion to $2.5 trillion in early 2024, boosted by new discoveries. State-controlled Aramco has also created a joint venture with Saudi state mining company Ma'aden to explore and produce energy transition minerals. By Bachar Halabi Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.</p></div><span class="qa-combinedfeed-item-cta cta d-none d-lg-inline-flex">Find out more</span></a></div><div class="col-12 col-lg-6"><div class="News_secondaryGroup__CVF5i"><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/en/news-and-insights/latest-market-news/2656205-indonesian-malaysian-mop-npk-imports-rise-in-2024"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest potash news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Indonesian, Malaysian MOP, NPK imports rise in 2024</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">10/02/25</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest potash news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">10/02/25</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Indonesian, Malaysian MOP, NPK imports rise in 2024</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Singapore, 10 February (Argus) — A global palm oil rally in 2024 improved affordability for Indonesian and Malaysian plantations, pushing up MOP and NPK imports in the countries to three-year highs in 2024. Indonesia's MOP imports rose by about 44pc on the year to 3.44mn t, with increased deliveries from its key suppliers, according to the latest GTT data. Arrivals from Canada doubled to 1.26mn t from a year earlier. Imports from Russia and Belarus also increased to 1.2mn t and 245,000t, up by 42pc and 69pc respectively from a year earlier. Arrivals from Uzbekistan, likely representing product from Belarus, accounted for 406,500t, up by 23pc on the year. NPK deliveries to Indonesia hit 370,800t in 2024, up by 6pc from a year earlier. Around 177,000t of the total imports were sourced from Russia, with 93,000t from Norway. Malaysian MOP imports totalled 1.64mn t in 2024, close to a 20pc increase from 2023. Deliveries from its top supplier Russia reached a record high of 852,000t, up by about 56pc on the year. Arrivals from Canada were flat at 381,000t but imports from the US — which also represents Canadian product shipped from a US port — quadrupled to a 20-year high of 142,200t. The increase in deliveries from the US can be attributed to Canpotex's terminal in Portland, Oregon, resuming potash loadings at the start of 2024 after operations were halted in May 2023. Malaysia's NPK imports rose by about 25pc to 166,500t in 2024, with significant rises in deliveries from its key exporting partners. Arrivals from China rose to 42,000t, up by nearly 35pc from a year earlier, while deliveries from the Netherlands nearly doubled to 28,200t. Palm oil output in Indonesia, the world's top producer, is forecast to grow by nearly 2pc in 2025, according to a Reuters poll, in order to meet the growing demand for palm oil-based biodiesel with a planned increase in the mandatory mix of palm oil in biodiesel in the country in February. This is expected to boost demand for MOP and complex fertilizers, which should continue to support affordability in 2025. The increase in the Indonesian biodiesel mandate is also likely to limit exports from the world's top producer and push Malaysian crude palm oil prices higher in 2025, after hitting a two-year high in 2024. Malaysia is the world's second largest palm oil producer. But adverse weather, persistent labour shortages and low replanting rates may limit production in 2025, officials said. By Camila Tay Malaysian MOP imports 2024 (t) Russia Canada United States Jordan Others YTD January 45,001 59,090 27,500 4,705 4,845 141,141 February 40,000 40,596 5,724 11,000 3,672 100,992 March 67,946 27,495 16,000 2,462 6,603 120,506 April 51,889 47,776 0 2,986 6,629 109,280 May 37,804 38,000 17,018 21,208 38,649 152,679 June 47,913 21,501 17,018 13,898 22,216 122,546 July 100,586 21,979 0 2,007 3,570 128,142 August 65,989 54,048 27,977 4,461 4,781 157,256 September 90,780 15,987 0 6,316 4,285 117,368 October 175,642 21,906 30,890 29,667 12,258 270,363 November 56,476 38 68 3,005 9,273 68,860 December 71,965 33,001 0 23,825 26,596 155,387 Total 851,991 381,417 142,195 125,540 143,377 1,644,520 Source: GTT Indonesian MOP imports 2024 (t) Canada Russia Belarus Laos Others YTD January 143,565 26,000 44,100 12,455 66,458 292,578 February 85,968 85,577 27,508 9,930 60,391 269,374 March 201,828 84,798 0 26,899 43,532 357,057 April 76,856 115,897 10,000 12,203 52,943 267,899 May 119,413 109,895 32,276 25,291 37,142 324,017 June 110,924 77,980 7,995 13,846 2,655 213,400 July 193,302 189,443 0 16,008 2,151 400,904 August 139,323 98,408 19,676 34,092 105,874 397,373 September 0 91,673 40,739 4,201 36,175 172,788 October 46,427 120,395 16,700 17,658 53,071 254,251 November 43,974 66,189 16,480 5,216 49,088 180,947 December 96,907 132,418 29,453 9,989 41,237 310,004 Total 1,258,487 1,198,673 244,927 187,788 550,717 3,440,592 Source: GTT Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.</p></div></a><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/en/news-and-insights/latest-market-news/2654071-no-trump-tariff-exemption-on-canadian-potash-update"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest potash news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">No Trump tariff exemption on Canadian potash: Update</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">03/02/25</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest potash news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">03/02/25</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">No Trump tariff exemption on Canadian potash: Update</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Updates with 1 month delay on tariffs. London, 3 February (Argus) — US president Donald Trump will allow a one month pause before imposing a 25pc tariff on non-energy imports — including potash — from Canada. Trump signed executive orders on 1 February that will impose the levy on all US imports from Canada, although energy imports will have a lower 10pc tariff. Plans for the tariffs were announced in November, when Trump won the US presidential election, but most market participants did not expect them to be implemented, or expected that potash could be exempt, given that the US relies heavily on Canadian product. Most sources believed that the threat of tariffs was largely a bargaining tool related to border security. US fertilizer industry association The Fertilizer Institute said last week that there was not enough certainty as to whether or not the tariffs would be implemented, but if enacted would be counter to Trump's promise during his election campaign to lower grocery prices. Following the issuing of the executive order, TFI said it is ready to collaborate with the Trump administration to spur fertilizer industry growth. The US has limited domestic MOP production and over 80pc of its potash needs are sourced from Canada, around 9mn-10mn t/yr of MOP. No other major potash import market relies so heavily on one source. The US also stopped taking MOP from Belarus in 2022 following sanctions, and the lack of Canadian MOP should only further limit supply options. What does this mean for the US potash market? The tariff will no doubt raise prices in the US. MOP prices at New Orleans (Nola) and across the Corn Belt have already edged higher in recent weeks because of concerns related to potential tariffs. Nutrien increased its post-winter fill potash offers on 28 January by $25/st to $340/st fot across US midcontinent warehouses, while river terminals rose to $335/st fob. Granular MOP fob Nola values have also risen, from $255/st at the start of the year to $265/st on 30 January, compared with $322.50/st fob in January 2024. Argus calculates that the tariff will add an average premium of around $60/t at the US-Canada border but it is uncertain how much of this cost will be passed onto the buyer, or how much will be swallowed by the producer. Regardless, the higher cost of Canadian potash will likely significantly reduce the volume purchased from Canada and push US buyers to turn to alternative suppliers, which may be cheaper. But the US will not be able to replace all of the 9mn-10mn t/yr of potash that the country needs. Prices for imported MOP may also benefit from an uptick in the price of Canadian potash, as other suppliers may raise prices to narrow the premium that Canada holds, while ensuring that they still remain competitive. For the upcoming spring application season in the US, there is likely to be limited effect as domestic supply is robust and suppliers have positioned stocks accordingly, but whether the tariff will still be in place when fall demand is anticipated is difficult to predict. How will this affect Canadian exports? If the US takes less potash from Canada, the country will have no option but to push more volume for offshore exports. Canada exports around 22mn t/yr of MOP, the bulk of which is handled by Canpotex, which markets product from Nutrien and Mosaic. Germany-based K+S also exports MOP from its Bethune mine in Saskatchewan. Canada typically exports around 11mn-12.5mn t/yr of MOP via Vancouver on the west coast, and Thunder Bay and Saint John's on the east coast. The maximum volume exported from these three ports in a year is around 14mn-15mn t. Another 3mn t can be moved via Portland in the US, which will be unaffected by the tariffs. But the Canadian rail system has reduced capacity to switch to ports and the export infrastructure will likely see bottlenecks, especially as all commodities will be affected, not just potash, which means that all products will be seeking alternative markets other than the US, and the only other option is to export. Higher pricing in the US could entice other suppliers to bring more to the US, diverting product away from key market Brazil. Potash suppliers often switch between the US and Brazil, depending on which market is paying a premium. But most imports into the US come through Nola, which is far from the main MOP consuming regions further north in the Corn Belt. It is clear that the US needs Canadian potash to meet typical US application levels, and that Canada needs the US as an outlet. There remains uncertainty over how long these tariffs will last and under what conditions they might be lifted. Although there appears to be a case for potash to receive an exemption from the executive order, nothing has been said to this effect by the Trump administration. In response to Trump's tariff executive order, the Canadian government announced its own 25pc tariff on more than $100bn of US imports. By Julia Campbell and Taylor Zavala Canada MOP exports to US ’000t Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.</p></div></a><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/en/news-and-insights/latest-market-news/2650268-china-s-2024-sop-exports-hit-five-year-low-correction"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest potash news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">China’s 2024 SOP exports hit five-year low: Correction</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">27/01/25</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest potash news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">27/01/25</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">China’s 2024 SOP exports hit five-year low: Correction</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Corrects export volume to Peru in paragraph 2 Singapore, 27 January (Argus) — The halt in customs inspections for SOP exports led to a sharp fall in China's shipments in 2024 as export volumes fell to a five-year low. China's SOP exports in 2024 fell by 84pc on the year to just 16,700t, the lowest since 2018, which recorded 8,700t of exports, GTT data show. About 75pc of total 2024 exports took place in the second half of the year, as buyers sought to shift more product in 9.5kg bags. But this type of packaging was not favoured by buyers from Latin American markets which typically buy for bulk blending, as they needed to pay for additional labour costs to remove these bags. As a result, shipments to Peru and Mexico plunged to 3,800t and 2,600t from 8,600t and 40,500t, respectively. South Africa replaced Mexico as the top export destination in 2024, but shipments to South Africa nearly halved on the year to 4,600t. Chinese SOP exports saw significant growth in 2019-20, supported by strong demand from Latin American and south Asian markets. But export volumes took a downturn from 2021 onwards as suppliers were urged to prioritise supplies for the domestic market and keep domestic prices stable. China mainly exports SOP that is produced by the Mannheim process, which uses MOP as a raw material. China depends heavily on MOP imports based on an annual contract price with global major producers as well as a monthly cross-border contract price with Russian producer Uralkali, as its domestic MOP production is not enough to meet the country's needs. Most Chinese suppliers halted export offers for SOP in 9.5kg bags in January, after a change in the customs clearance definition for small-volume exports was implemented from 1 January 2025, making it difficult for suppliers to ship 9.5kg bags in jumbo bags via break bulk vessels. This could further limit China's SOP export availability this year. By Huijun Yao Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.</p></div></a><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/en/news-and-insights/latest-market-news/2647885-brazil-potash-keytrade-sign-potash-offtake-deal"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest potash news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Brazil Potash, Keytrade sign potash offtake deal</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">16/01/25</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest potash news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">16/01/25</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Brazil Potash, Keytrade sign potash offtake deal</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">London, 16 January (Argus) — Brazilian fertilizer company Potassio do Brasil, a wholly owned subsidiary of Canada-based Brazil Potash, has signed a memorandum of understanding with Swiss trading firm Keytrade to supply up to 1mn t/yr of potash from its Potassio Autazes project in Amazonas. Potassio do Brasil already has an existing offtake agreement with Brazilian agricultural firm Amaggi for about 500,000 t/yr. The Potassio Autazes project has a planned capacity of 2.4mn t/yr and began construction in September. It is expected to start operating in 2029. Potash from this project will be destined for the domestic market. Brazil currently imports about 96pc of its potash needs. By Julia Campbell Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . 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reference.","ThumbnailImageUrl":"/-/media/project/argusmedia/mainsite/images/08-fertilizers/product/desktop/herobanner1600x530_arguspotashpage.jpg?rev=eda8800330d14e2cbf6e6db438c6dbfc\u0026hash=31BEEAB99B6F6D32883A43A6C7DE5736","SearchResultItemUrl":"/en/methodology/key-commodity-prices/argus-southeast-asia-cfr-standard-mop","PublishDate":"2024-10-30T10:58:44Z","CreatedDate":"2024-09-20T00:00:00Z","Tags":["Fertilizers","Potash","English","Asia-Pacific"],"ItemId":"9f1371dd-ee92-4c0b-b195-50763dc4453b","Title":"Argus Southeast Asia cfr standard MOP","Type":"KeyPrices"}]},"guid":"0375aeba-a003-4682-8a98-6f7012afc6cf"},"b8c35964-4f91-4a70-9c65-b0cee88b3c9a":{"data":[{"totalHitCount":312,"hitCount":5,"items":[{"type":"News","datePublished":"2025-02-15T15:54:49Z","headline":"Peru backs Saudi critical minerals hub plan","summary":"Munich, 15 February (Argus) — Peru's foreign minister Elmer Schialer today said he supports US policy backing Saudi Arabia's efforts to become a global critical minerals powerhouse, a strategy that aims to counterbalance China's dominance and bring down costs. Speaking at the Munich Security Conference, Schialer called the US approach \"a good strategy\". Schialer was responding to a question on whether the US' backing of Saudi Arabia's efforts to become a critical minerals refining and processing hub was a good idea. \"I think we ought to give it a try, because when we have two, three or four main centers of refinement and the finalizing the product, the cost will also eventually go down, which is also very important, economically speaking,\" Schialer said. Led by the US, western countries are keen to loosen China's stranglehold on access to critical minerals. China controls about 90pc of the world's capacity for processing the minerals and has steadily tightened restrictions on exporting the materials and technology needed to process them. Beijing imposed new restrictions on exports to the US in late January in response to President Donald Trump's tariffs on imports to the US from China. Saudi Arabia in recent years has made strides in positioning itself on the global critical minerals map. As part of its economic diversification plan Vision 2030, the kingdom aims to strengthen local processing and industrial value added, while building supply chains that are more resilient to global disruptions. Saudi Arabia also has reiterated its commitment to developing its substantial reserves of copper, gold, rare earths, potash, and bauxite, while also expanding domestic electric vehicle manufacturing. Riyadh in January unveiled plans to develop a new mineral investment project valued at $100bn, $20bn of which was already in the final engineering phase or under construction. The kingdom's Ministry of Industry and Mineral Resources increased its estimate of the value of its unexploited mineral resources from $1.3 trillion to $2.5 trillion in early 2024, boosted by new discoveries. State-controlled Aramco has also created a joint venture with Saudi state mining company Ma'aden to explore and produce energy transition minerals. By Bachar Halabi Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2658548"}],"tags":null,"taxonomy":null,"id":2658548,"language":"en-GB","body":null},{"type":"News","datePublished":"2025-02-10T11:33:33Z","headline":"Indonesian, Malaysian MOP, NPK imports rise in 2024","summary":"Singapore, 10 February (Argus) — A global palm oil rally in 2024 improved affordability for Indonesian and Malaysian plantations, pushing up MOP and NPK imports in the countries to three-year highs in 2024. Indonesia's MOP imports rose by about 44pc on the year to 3.44mn t, with increased deliveries from its key suppliers, according to the latest GTT data. Arrivals from Canada doubled to 1.26mn t from a year earlier. Imports from Russia and Belarus also increased to 1.2mn t and 245,000t, up by 42pc and 69pc respectively from a year earlier. Arrivals from Uzbekistan, likely representing product from Belarus, accounted for 406,500t, up by 23pc on the year. NPK deliveries to Indonesia hit 370,800t in 2024, up by 6pc from a year earlier. Around 177,000t of the total imports were sourced from Russia, with 93,000t from Norway. Malaysian MOP imports totalled 1.64mn t in 2024, close to a 20pc increase from 2023. Deliveries from its top supplier Russia reached a record high of 852,000t, up by about 56pc on the year. Arrivals from Canada were flat at 381,000t but imports from the US — which also represents Canadian product shipped from a US port — quadrupled to a 20-year high of 142,200t. The increase in deliveries from the US can be attributed to Canpotex's terminal in Portland, Oregon, resuming potash loadings at the start of 2024 after operations were halted in May 2023. Malaysia's NPK imports rose by about 25pc to 166,500t in 2024, with significant rises in deliveries from its key exporting partners. Arrivals from China rose to 42,000t, up by nearly 35pc from a year earlier, while deliveries from the Netherlands nearly doubled to 28,200t. Palm oil output in Indonesia, the world's top producer, is forecast to grow by nearly 2pc in 2025, according to a Reuters poll, in order to meet the growing demand for palm oil-based biodiesel with a planned increase in the mandatory mix of palm oil in biodiesel in the country in February. This is expected to boost demand for MOP and complex fertilizers, which should continue to support affordability in 2025. The increase in the Indonesian biodiesel mandate is also likely to limit exports from the world's top producer and push Malaysian crude palm oil prices higher in 2025, after hitting a two-year high in 2024. Malaysia is the world's second largest palm oil producer. But adverse weather, persistent labour shortages and low replanting rates may limit production in 2025, officials said. By Camila Tay Malaysian MOP imports 2024 (t) Russia Canada United States Jordan Others YTD January 45,001 59,090 27,500 4,705 4,845 141,141 February 40,000 40,596 5,724 11,000 3,672 100,992 March 67,946 27,495 16,000 2,462 6,603 120,506 April 51,889 47,776 0 2,986 6,629 109,280 May 37,804 38,000 17,018 21,208 38,649 152,679 June 47,913 21,501 17,018 13,898 22,216 122,546 July 100,586 21,979 0 2,007 3,570 128,142 August 65,989 54,048 27,977 4,461 4,781 157,256 September 90,780 15,987 0 6,316 4,285 117,368 October 175,642 21,906 30,890 29,667 12,258 270,363 November 56,476 38 68 3,005 9,273 68,860 December 71,965 33,001 0 23,825 26,596 155,387 Total 851,991 381,417 142,195 125,540 143,377 1,644,520 Source: GTT Indonesian MOP imports 2024 (t) Canada Russia Belarus Laos Others YTD January 143,565 26,000 44,100 12,455 66,458 292,578 February 85,968 85,577 27,508 9,930 60,391 269,374 March 201,828 84,798 0 26,899 43,532 357,057 April 76,856 115,897 10,000 12,203 52,943 267,899 May 119,413 109,895 32,276 25,291 37,142 324,017 June 110,924 77,980 7,995 13,846 2,655 213,400 July 193,302 189,443 0 16,008 2,151 400,904 August 139,323 98,408 19,676 34,092 105,874 397,373 September 0 91,673 40,739 4,201 36,175 172,788 October 46,427 120,395 16,700 17,658 53,071 254,251 November 43,974 66,189 16,480 5,216 49,088 180,947 December 96,907 132,418 29,453 9,989 41,237 310,004 Total 1,258,487 1,198,673 244,927 187,788 550,717 3,440,592 Source: GTT Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2656205"}],"tags":null,"taxonomy":null,"id":2656205,"language":"en-GB","body":null},{"type":"Analysis","datePublished":"2025-02-03T22:48:49Z","headline":"No Trump tariff exemption on Canadian potash: Update","summary":"Updates with 1 month delay on tariffs. London, 3 February (Argus) — US president Donald Trump will allow a one month pause before imposing a 25pc tariff on non-energy imports — including potash — from Canada. Trump signed executive orders on 1 February that will impose the levy on all US imports from Canada, although energy imports will have a lower 10pc tariff. Plans for the tariffs were announced in November, when Trump won the US presidential election, but most market participants did not expect them to be implemented, or expected that potash could be exempt, given that the US relies heavily on Canadian product. Most sources believed that the threat of tariffs was largely a bargaining tool related to border security. US fertilizer industry association The Fertilizer Institute said last week that there was not enough certainty as to whether or not the tariffs would be implemented, but if enacted would be counter to Trump's promise during his election campaign to lower grocery prices. Following the issuing of the executive order, TFI said it is ready to collaborate with the Trump administration to spur fertilizer industry growth. The US has limited domestic MOP production and over 80pc of its potash needs are sourced from Canada, around 9mn-10mn t/yr of MOP. No other major potash import market relies so heavily on one source. The US also stopped taking MOP from Belarus in 2022 following sanctions, and the lack of Canadian MOP should only further limit supply options. What does this mean for the US potash market? The tariff will no doubt raise prices in the US. MOP prices at New Orleans (Nola) and across the Corn Belt have already edged higher in recent weeks because of concerns related to potential tariffs. Nutrien increased its post-winter fill potash offers on 28 January by $25/st to $340/st fot across US midcontinent warehouses, while river terminals rose to $335/st fob. Granular MOP fob Nola values have also risen, from $255/st at the start of the year to $265/st on 30 January, compared with $322.50/st fob in January 2024. Argus calculates that the tariff will add an average premium of around $60/t at the US-Canada border but it is uncertain how much of this cost will be passed onto the buyer, or how much will be swallowed by the producer. Regardless, the higher cost of Canadian potash will likely significantly reduce the volume purchased from Canada and push US buyers to turn to alternative suppliers, which may be cheaper. But the US will not be able to replace all of the 9mn-10mn t/yr of potash that the country needs. Prices for imported MOP may also benefit from an uptick in the price of Canadian potash, as other suppliers may raise prices to narrow the premium that Canada holds, while ensuring that they still remain competitive. For the upcoming spring application season in the US, there is likely to be limited effect as domestic supply is robust and suppliers have positioned stocks accordingly, but whether the tariff will still be in place when fall demand is anticipated is difficult to predict. How will this affect Canadian exports? If the US takes less potash from Canada, the country will have no option but to push more volume for offshore exports. Canada exports around 22mn t/yr of MOP, the bulk of which is handled by Canpotex, which markets product from Nutrien and Mosaic. Germany-based K+S also exports MOP from its Bethune mine in Saskatchewan. Canada typically exports around 11mn-12.5mn t/yr of MOP via Vancouver on the west coast, and Thunder Bay and Saint John's on the east coast. The maximum volume exported from these three ports in a year is around 14mn-15mn t. Another 3mn t can be moved via Portland in the US, which will be unaffected by the tariffs. But the Canadian rail system has reduced capacity to switch to ports and the export infrastructure will likely see bottlenecks, especially as all commodities will be affected, not just potash, which means that all products will be seeking alternative markets other than the US, and the only other option is to export. Higher pricing in the US could entice other suppliers to bring more to the US, diverting product away from key market Brazil. Potash suppliers often switch between the US and Brazil, depending on which market is paying a premium. But most imports into the US come through Nola, which is far from the main MOP consuming regions further north in the Corn Belt. It is clear that the US needs Canadian potash to meet typical US application levels, and that Canada needs the US as an outlet. There remains uncertainty over how long these tariffs will last and under what conditions they might be lifted. Although there appears to be a case for potash to receive an exemption from the executive order, nothing has been said to this effect by the Trump administration. In response to Trump's tariff executive order, the Canadian government announced its own 25pc tariff on more than $100bn of US imports. By Julia Campbell and Taylor Zavala Canada MOP exports to US ’000t Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2654071"}],"tags":null,"taxonomy":null,"id":2654071,"language":"en-GB","body":null},{"type":"News","datePublished":"2025-01-27T05:21:57Z","headline":"China’s 2024 SOP exports hit five-year low: Correction","summary":"Corrects export volume to Peru in paragraph 2 Singapore, 27 January (Argus) — The halt in customs inspections for SOP exports led to a sharp fall in China's shipments in 2024 as export volumes fell to a five-year low. China's SOP exports in 2024 fell by 84pc on the year to just 16,700t, the lowest since 2018, which recorded 8,700t of exports, GTT data show. About 75pc of total 2024 exports took place in the second half of the year, as buyers sought to shift more product in 9.5kg bags. But this type of packaging was not favoured by buyers from Latin American markets which typically buy for bulk blending, as they needed to pay for additional labour costs to remove these bags. As a result, shipments to Peru and Mexico plunged to 3,800t and 2,600t from 8,600t and 40,500t, respectively. South Africa replaced Mexico as the top export destination in 2024, but shipments to South Africa nearly halved on the year to 4,600t. Chinese SOP exports saw significant growth in 2019-20, supported by strong demand from Latin American and south Asian markets. But export volumes took a downturn from 2021 onwards as suppliers were urged to prioritise supplies for the domestic market and keep domestic prices stable. China mainly exports SOP that is produced by the Mannheim process, which uses MOP as a raw material. China depends heavily on MOP imports based on an annual contract price with global major producers as well as a monthly cross-border contract price with Russian producer Uralkali, as its domestic MOP production is not enough to meet the country's needs. Most Chinese suppliers halted export offers for SOP in 9.5kg bags in January, after a change in the customs clearance definition for small-volume exports was implemented from 1 January 2025, making it difficult for suppliers to ship 9.5kg bags in jumbo bags via break bulk vessels. This could further limit China's SOP export availability this year. By Huijun Yao Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2650268"}],"tags":null,"taxonomy":null,"id":2650268,"language":"en-GB","body":null},{"type":"News","datePublished":"2025-01-16T13:41:34Z","headline":"Brazil Potash, Keytrade sign potash offtake deal","summary":"London, 16 January (Argus) — Brazilian fertilizer company Potassio do Brasil, a wholly owned subsidiary of Canada-based Brazil Potash, has signed a memorandum of understanding with Swiss trading firm Keytrade to supply up to 1mn t/yr of potash from its Potassio Autazes project in Amazonas. Potassio do Brasil already has an existing offtake agreement with Brazilian agricultural firm Amaggi for about 500,000 t/yr. The Potassio Autazes project has a planned capacity of 2.4mn t/yr and began construction in September. It is expected to start operating in 2029. Potash from this project will be destined for the domestic market. Brazil currently imports about 96pc of its potash needs. By Julia Campbell Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . 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