Potash inventories tighten in January
PotashCorp said on Tuesday that inventory in January was down 84,770 tonnes, about 24% below the previous five-year average.
PotashCorp produces approximately 23% of the world's supply of potash. It is also a major producer of phosphate and nitrogen.
Current spot prices puts potash at just under $400 a ton.
Jay Taylor, editor of J. Taylor's Gold, Energy & Tech Stocks newsletter, says that major potash firms are trying to improve their positions, so they can benefit from a sector that is expected to grow.