Potash
Overview
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.
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.
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Latest potash news
Browse the latest market moving news on the global potash industry.
Trump eyes Belarus potash deal to undercut Canada
Trump eyes Belarus potash deal to undercut Canada
Houston, 21 September (Argus) — The US is pursuing a potash trade deal with Belarus that would offer competitive pricing compared with potash from Canada, President Donald Trump said in a social media post. The "massive" deal is expected to offer US buyers potash pricing that would be "significantly less" than what US customers are currently paying for Canadian potash, according to Trump. The post did not include any details related to the potential deal, but it comes as the US has intensified a trade war with Canada , and is seeking opportunities to strike back at Canada for counter-tariffs. Both Mosaic and Nutrien produce MOP in Canada, the origin of the lion's share of US MOP imports. Australian mining firm BHP is also expected to start production for the first stage of its 4.15mn t/yr Jansen project in Saskatchewan by mid-2027. Mosaic, Nutrien and Belarusian potash marketer BPC did not comment on the alleged Belarusian trade deal or its potential pricing competitiveness with Canadian tons. The first Belarus cargo of fertilizer to the US in four years , a 30,000 metric tonnes (t) cargo of MOP, is expected to arrive at New Orleans next month. It would mark the first potash trade between the two countries since US sanctions on Belarusian potash were lifted in December . Re-establishing US-Belarus potash trade would diversify US potash supply and reduce reliance on Canada, but Belarus cannot fully replace Canadian volumes. Canada supplied nearly 90pc of US potash imports, or around 11.2mn t, in 2025, according to GTT data. Belarusian MOP has not touched US soil since February 2022, whereas 635,000 t/yr of Belarusian MOP on average went to the country in 2017-21, GTT data shows. Belarusian president Alexander Lukashenko said that Belarusian supply was tight and Belarus could not supply large volumes to the US this year as most of its product is already contracted, according to Belarusian state news agency Belta. Nutrien's current US Midwest offer for granular MOP is $410/st fob, and is considered to be mostly in line with other sellers. By Taylor Zavala Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Highfield administration deepens Muga potash setback
Highfield administration deepens Muga potash setback
London, 14 September (Argus) — Australian potash developer Highfield Resources' voluntary administration has further stoked uncertainty over the development of its 1.3mn t/yr Muga potash project in northern Spain. The company announced the appointment of voluntary administrators on 7 September, prompting the Australian Securities Exchange to suspend trading in its shares because of concerns over its financial condition. The move follows a prolonged legal dispute over mining concessions at Muga and comes less than a year after Highfield raised A$10mn ($6.45mn) from existing shareholders to support project activities and address issues related to a permit for the Goyo mining concession, although progress on the latter has been slow and the project has largely stalled. The latest news of the voluntary administration only adds to the uncertainty surrounding the project. The administrators will be assessing funding, restructuring and potential sale options. By Julia Campbell Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Egypt’s NCIC issues fertilizer sales tender
Egypt’s NCIC issues fertilizer sales tender
London, 24 August (Argus) — Egyptian fertilizer producer NCIC has issued a tender to sell various fertilizers, closing on 1 September. NCIC is offering the following products: 10,000t of DAP — it sold 21,000t at $915-920/t fob in its 11 August tender 10,000t of TSP 10,000t of SSP 10,000t of merchant-grade 52-54pc P2O5 phosphoric acid solution 1,000t of water-soluble SOP — it sold 500t at $750/t bagged ex-works in its 11 August tender NCIC did not award the 10,000t of TSP and 30,000t of SSP offered in its 11 August tender. The producer does not typically sell phosphoric acid for export. Bids in this tender are to be valid for two weeks. The phosphoric acid is to be loaded at Ain Sokhna sea port. NCIC says that the buyer will incur storage costs for cargoes not loaded within 30 days from issuing the invoice. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Egypt’s NCIC sells DAP, CAN, SOP in tender
Egypt’s NCIC sells DAP, CAN, SOP in tender
London, 17 August (Argus) — Egyptian fertilizer producer NCIC has reported the following awards in its latest sales tender, which closed on 11 August: 21,000t of DAP at $915-920/t fob 27,000t of CAN 26 at $250-270/t fob 500t of water-soluble SOP at $750/t bagged ex-works The DAP price is far above the $890-900/t fob awards in NCIC's 20 July tender. The awarded volume is slightly more than the 20,000t initially offered in this tender . The CAN price is broadly steady at the midpoint compared with the $261/t fob awarded in NCIC's 1 July tender. But the awarded volume is almost treble the 10,000t initially offered. The SOP price is also an increase from NCIC's 20 July tender, in which it awarded 500t at $730/t bagged ex-works. But the volume is half what NCIC had offered in this tender. No buyers have confirmed the awards, and the destinations of the products sold are not yet known. NCIC had also offered 10,000t of TSP and 30,000t of SSP, but did not award either product. This is likely to have been because the prices received were below its expectations. Prices for TSP and SSP have been under pressure in Brazil — the benchmark destination — in recent weeks. Meanwhile, prices for shipments of sulphur — a key raw material for phosphates production — to Egypt have held firm, squeezing production margins. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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