Owing to an Increase in Stocks, 2017 Potash Imports Would Further Reduce

By CnAgri2017-03-22 09:26:44 Print

Owing to an increase in capacity, potash output was gradually increasing. Potash output only recorded 4.58 million MT (nutrient, same below) in 2011; stood at 6.68 million MT in 2016, 2.1 million MT higher than 2011 and 0.51 million MT more than 2015.

And meanwhile, potash imports also were ascending, up to 5.92 million MT in 2015 from only 4.09 million MT in 2011. Although the domestic demand was up to 9.98 million MT in 2015 from 8.12 million MT in 2011, but due to a greater increase in potash output and imports, the stocks were growing, and had reached 7.47 million MT by the end of 2015. So, 2016 potash imports decreased greatly to 4.29 million MT.

In 2016, potash output was 6.68 million MT, and the imports stood at 4.29 million MT. With the addition of ending stocks, the total supply was around 18.44 million MT, however the total demand was only 10.28 million MT, so ending stocks went up to 8.16 million MT. 2017 potash imports would decrease to 4 million MT.