But despite the short-term trends, Scotiabank Vice President of Economics and commodity market specialist Patricia Mohr remains positive that growing food demand will drive potash prices above US $500/tonne later this year. Concerns of drought in South American soybean and European wheat markets, and the rebound in canola, palm oil, and corn prices - all crops that require significant potash application per hectare planted - have also buoyed Mohr's confidence in rising potash application in North America, Southeast Asia, and Brazil in 2012.Investing in potash infrastructure
Potash Prices Steady As Contracts Continue
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