Potash industry could see a green shoot for the rest of the year

摘要

After a record year in 2011, which saw the industry getting back to pre-crisis levels, the potash market started to slow down once again during the beginning of 2012. This was influenced by the global macro economy weakened by the European debt crisis, the slowdown in China, the downgrade of US debt, and the depreciation of the rupee against the US dollar.In addition, industry-wide potash sales were impacted by India's request to delay shipments of contracted quantities, delays in the signing of HI 2012 supply contracts with Chinese customers, high inventories in the US, extreme weather events in some markets, and the lack of early orders being placed by customers in Europe.