Germany: K+S has a optimistic forecast for global potash sales

The latest forecasts of the German potash maker K+S AG, Europe’s largest producer of potash, estimates that world sales of potash will reach in 2011 to 55-60 million tonnes, a higher figure than their previous forecast of 53 to 57 million tonnes. The change is a result of more attractive earnings prospects of the agricultural sector which should provide sufficient incentive to increase yields per hectare through the increased use of fertilizers. They believe that the positive trend in demand should also continue in the coming year for straight nitrogen fertilizers and complex fertilizers.

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