Potash prices remain largely unchanged as high inventories in China and subdued demand create downside pressure. The return of Belarusian potash to the U.S. market boosts supply, while logistics constraints in Europe and Russia could support prices.
Potash prices in Illinois have remained elevated through 2026, holding above prior-year levels and tracking close to 2024 price ranges. The article notes that fertilizer prices broadly have risen since late 2024, with the ongoing Iran conflict cited as a key driver of elevated prices and volatility across fertilizer markets, including potash.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Potash | China | FOB | USD 515.46/MT | August 2026 |
| Potash | India | CIF | USD 606.25/MT | August 2026 |
| Potash | USA | FOB | USD 692.03/MT | August 2026 |
| Potash | Brazil | CIF | USD 657.89/MT | August 2026 |
| Potash | Canada | CIF | USD 686.08/MT | August 2026 |
| Potash | China | FOB | USD 522.20/MT | July 2026 |
| Potash | India | CIF | USD 629.01/MT | July 2026 |
| Potash | USA | FOB | USD 709.20/MT | July 2026 |
| Potash | Brazil | CIF | USD 694.20/MT | July 2026 |
| Potash | Canada | CIF | USD 724.69/MT | July 2026 |
Stay updated with the latest Potash prices, historical data, and tailored regional analysis
Asia
In China, the average price of Potash fell from ~USD 522.20/MT (FOB) in July to ~USD 515.46/MT in August, a decline of ~1.3%. Indian potash prices dropped about 3.6%, from ~USD 629.01/MT (CIF) to ~USD 606.25/MT. Overall, the Asian market followed a downward trend, with Chinese import values falling steadily to below their earlier one-year low by late September. Record Chinese potash imports in the first half left the market well supplied, and buying remained soft. Major exporters also shifted more volumes toward China and India, adding to regional availability and pressuring Indian import prices. The global potash benchmark eased over the summer while phosphate fertilisers moved higher, making potash the softer nutrient.
Europe
The European potash market followed a stable to firm trend. Leading regional producers reported higher second-quarter sales volumes and prices, and assumed values would hold steady through the second half on high global capacity use. The main export benchmark for Russian and Belarusian supply stayed in a narrow range since April, as supply from Canada, Russia and Belarus faced no significant risk. Producers quickly cut prices when importers resisted, protecting demand.
North America
In the USA, the average price of potash declined from nearly USD 709.20/MT (FOB) in July to roughly USD 692.03/MT in August, down ~2.4%. Canada fell about 5.3%, from ~USD 724.69/MT (CIF) to ~USD 686.08/MT. Overall, North American prices eased modestly in line with the softer global benchmark. However, producers reported resilient farm demand and tightening inventories, while lower volumes during maintenance limited supply, keeping retail prices broadly stable.
Analyst Insight
According to Procurement Resource, potash prices are likely to remain stable, as ample global supply offsets seasonal application demand and producers adjust offers to maintain sales volumes.
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Asia
Potash prices in China declined to ~RMB 4.06/kg in April and ~RMB 3.54/kg in the following month, showing a ~12.7% decrease. Despite the monthly decline, Asian markets received support from stronger international contracts and supplier negotiations. A new MOP contract between major suppliers and Indian buyers was established at a higher level than the previous agreement, reflecting firm global benchmarks and export availability constraints. Demand from China, India and Southeast Asia supported regional consumption, while offshore supply commitments remained strong. However, domestic purchasing patterns and inventory management limited immediate price increases in some Asian markets. Agricultural demand remained the main driver, with crop economics influencing fertilizer buying decisions.
Europe
Potash prices in Germany showed a firmer trend, supported by seasonal fertilizer demand and higher producer pricing. European markets benefited from spring application activity, which improved order flow across agricultural regions. However, weak grain economics and farmer sensitivity toward fertilizer costs limited stronger price increases. Supply availability remained adequate, preventing significant shortages, while higher production and logistics costs provided some support to supplier offers. Demand growth remained moderate as farmers balanced crop requirements with input affordability.
North America
Potash prices in the United States declined to ~USD 743.67/MT in April and ~USD 709.83/MT in May, showing a ~4.6% decrease. Retail markets remained relatively stable as available inventories and cautious farmer purchasing limited direct price movements. Producer pricing remained stronger due to improved offshore demand and firm international markets, but higher production volumes helped maintain supply availability. Potash output increased among major producers, reducing the risk of tight supply conditions. Delays in new mining capacity development supported long-term supply concerns but had limited impact on Q2 availability.
Analyst Insight
According to Procurement Resource, potash prices are expected to remain supported by agricultural demand and supplier discipline, while inventories and farmer purchasing decisions will influence short-term movements.
Potash is composed of several mined and manufactured salts that include potassium in water-soluble form. The name derives from pot ash, that basically refers to plant ashes soaked in water in a pot. Its ores are generally rich in potassium chloride (KCl), sodium chloride (NaCl) and some other salts and clays.
KCl, 0-0-60
Food, Fertiliser, Animal Seed, Soaps, Water Softeners, Glass
Nutrien Limited, The Mosaic Company, Intrepid Potash Inc, Arab Potash Company, EuroChem Group AG, Thermo Fisher Scientific Inc.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The primary chemical compound in the reaction is potassium carbonate, which is derived by leaching the ashes in big iron pots to dissolve out the soluble components. Evaporation of the solution using percolation results in the production of Potash.
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