In 2011 worldwide potash production was 37 million metric tons, up 9.8% from 2010 according to the U.S. Geological Survey. The price of potash has been fairly volatile in the past five years due to high demand for the fertilizer. It was highest at $900 per ton but it seems to have stabilized at its current price of around $475 per ton.

Major suppliers of Potash are located in Canada, Russia, Belarus, and Israel. The 6 largest producers and their estimated potash production for 2011 are:

• Uralkali (London: URKA) with 10.8 million tons;
• PotashCorp of Saskatchewan (POT) with 9.3 million tons ;
• Mosaic (MOS) with 9.2 million tons;
• Belaruskali (joint stock company) with 8.8 million tons;
• K+S Group (Frankfurt: DWS) with about 7 million tons; and
• ICL Group (Tel Aviv: ICL) with 4.3 million tons.

The International Fertilizer Industry Association, estimates that potash demand will rise by 4.7% through 2015.

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