In 2021, Saskatchewan’s potash sector recorded all-time high production and sales of $7.6 billion. Increasing demand and rising prices are expected to generate record sales in 2022, well above the $9 billion objective initially earmarked for 2030 in the province’s 2020-2030 Growth Plan.
How Much Does Saskatchewan make from potash?
The key driver has been the price of potash — which previous to 2021 had been in a multi-year slump, Schwann says. “Potash sales for Saskatchewan could reach $15 billion this year, and that’s unprecedented,” she says, pointing to prices per tonne increasing more than 125 per cent this year.
How much money does Canada make from potash?
In 2021, Canada exported 21.6 million tonnes of potash, accounting for 38% of the world’s total exports.
Canadian exports of potash (potassium chloride), 2012–2021 (p)
| Ranking | 1 |
|---|---|
| Country | Canada |
| Tonnes (thousands) | 21,625 |
| Percentage of total | 38.0% |
How much money does potash make?
Canpotex is Saskatchewan’s largest global exporter and is among Canada’s largest export companies, exporting roughly 12 million tonnes of Canadian potash to more than 40 countries annually— accounting for roughly C$4.3 billion worth of exports annually.
Who is the largest producer of potash?
Canada is the world’s largest producer and exporter of potash and Canpotex Limited (Canpotex) is one of the world’s largest suppliers of this vital ingredient used as fertilizer in agriculture.
Who buys Canada’s potash?
Today, Canada is the world’s largest producer and exporter of potash and exports more than 95 per cent of production to over 50 countries. The United States, Brazil, Indonesia, India and China are Canada’s top buyers.
Who buys the most potash?
Potash is extremely vital in China — the country is the largest consumer of potash fertilizer, accounting for approximately 20 percent of world potash consumption. China’s domestic demand for potash fertilizer is overtaking its homegrown potash supply, making the country reliant on potash imports, especially for MOP.
Does Canada import potash from Russia?
While western Canada is a net exporter of potash and nitrogen fertilizer, Ontario, Quebec, and the Atlantic provinces import these products from Russia, Graham said, as it’s been more cost effective in the past.
Who produces the most potash in Canada?
Saskatchewan
Saskatchewan is the largest potash producer in the world and the sole producer in Canada, typically accounting for about 30 per cent of global potash production. Over the last 15 years, the potash industry has committed approximately $30 billion of investment for new mines and expansions.
Does the US import potash?
In 2021, the U.S. imported about 93 percent of the potash needs. Canada provides 83% of the potash used in the U.S.; Russia and Belarus provided 12% used in the U.S. in 2021 (see Figure 2).
Who owns Canada’s potash?
the K+S Group
K+S Potash Canada is part of the K+S Group, a German-based company that has been mining and processing potash and salt for over 125 years.
What is the biggest potash mine in the world?
Nutrien is the world’s largest potash producer with over 20 million tonnes of potash capacity at our six lower-cost potash mines in Saskatchewan. With decades of high-quality reserves and our multi-year expansions complete, we are well positioned to meet the world’s long-term potash needs.
Who owns the potash mines in Saskatchewan?
Western Resources Corp. is majority owned by a Beijing-based private equity firm, Tairui Mining Inc. But the Chinese government has a significant stake through two state-owned enterprises: China BlueChemical Ltd. and Guoxin International Investment Corporations.
How much potash does Russia export?
Russia’s exports of Muriate of Potash (MOP) reached approximately 11.8 million metric tons in 2021. That was the largest export volume compared to other fertilizers supplied by Russia abroad. Urea ranked second, at seven million metric tons.
Does the US make potash?
The U.S. produces potash from deposits in Utah and New Mexico. While production from the Michigan basin recently ceased, a large potash resource exists there.
How much of the worlds potash comes from Russia?
Crucial for his economic survival is potash, of which Russia and Belarus together produce around 40 percent of the world’s supply.
Does Russia make potash?
Together, Belarus and Russia provide the world with 40 percent of its potash supply. Belarus is the second largest producer after Canada, while Russia is the third largest.
How much potash is left in the world?
The reserves of potash in potassium oxide equivalent exceeded the 3.6 billion metric tons worldwide that year.
How much is a ton of potash worth?
Stats
| Value from Last Month | 562.50 |
|---|---|
| Value from 1 Year Ago | 221.00 |
| Change from 1 Year Ago | 154.5% |
| Frequency | Monthly |
| Unit | USD per Metric Ton |
What is the biggest potash mine in Saskatchewan?
Jansen Potash Project at a glance
Our Jansen Project in Saskatchewan, Canada is planned to be the largest potash producing mine in the world, providing a rich source of potassium to keep soils fertile and maximise food production. 4.5Mtpa The anticipated initial capacity is 4.3 – 4.5 Mtpa.
What is potash selling for?
Potash price increased from $350/ton to $600/ton in 2021 and saw a rise of $250/ton or 71%. “Current higher fertilizer prices will translate into higher fertilizer costs for 2022 production of corn and soybeans,” the report said.