The Ukraine war is affecting potash supply more than other major fertilizers. While potash fertilizer (MOP) still cost around US$220 per ton in 2021, the price rose to around US$560 per ton in 2022 and remained at this level in early 2023. MOP is the most commonly used form of potash. Currently, prices have come back somewhat, but are still higher than before the Ukraine war. Potash fertilizer remains essential to meet population growth and demand for higher quality food. According to the World Hunger Index 2023, the development towards a world without hunger has virtually come to a standstill during this period, which is associated with various crises.
According to forecasts, global potash demand is expected to rise from around 73 million tons at present to an estimated 90 million tons by 2030. Canada, Russia and Belarus dominate the potash market. Incidentally, about six percent comes from Israel, and the same amount from Germany. Prices are largely determined by the major buyers China and India.
Millennial Potash - https://www.commodity-tv.com/ondemand/companies/profil/millennial-potash-corp/ -, for example, has a promising potash project in Gabon, a business-friendly African country.
However, investors can invest not only in commodity companies, but also in financing companies such as Queen's Road Capital Investment - https://www.commodity-tv.com/ondemand/companies/profil/queens-road-capital-investment-ltd/ -. Mine operators with gold, base metal and uranium projects are provided with financing. Queen's Road Capital Investment then earns money from securities and its investors from convertible bonds.
Current company information and press releases from Queen's Road Capital Investment (- https://www.resource-capital.ch/en/companies/queens-road-capital-investment-ltd/ -) and Millennial Potash (- https://www.resource-capital.ch/en/companies/millennial-potash-corp/ -).
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