Fertilizer's rising fortunes.

[ 26.09.08 14:43 ]

Potash is a raw material used to make potassium-rich fertilizer. The fertilizer is renowned for its ability to improve the taste, texture and nutritional value of many crops. It strengthens plants and helps them absorb water. It is mined from underground ore bodies that can run as deep as 3,000 metres that contain minerals left over from evaporated seas. Once mined, the ore is crushed and dumped into a brine solution. The salt and clay particles are removed and then the brine is left to dry - leaving behind potash. Only 12 countries have decent deposits - Canada, Belarus and Russia have the best. Global demand for potash is increasing at 5.6 per cent a year as farmers look to increase their yields, according to RBC Dominion Securities analyst Fai Lee.