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Potash prices plunder potential production

During the years 2000 to 2007, the price for potash fertilizer averaged out at $145 per tonne. In 2008, world grain prices increased dramatically due to expected or actual food shortages in the world.

Almost simultaneously, potash prices rose over 400 per cent to an average of $643 per tonne.

During 2009, potash fertilizer remained over $600 per tonne, even though grain prices plummeted back to their previous low level.

Farmers across the world obviously felt they could not afford to pay that unreasonable price for potash fertilizer and remain in business. As a result, total world sales of potash dropped to 30 million tonnes in 2009 from 52 million in 2008.

There are more questions that must be considered and answered by world leaders and all the rest of us. How many millions of tonnes of life-sustaining grain and rice were not produced due to unjust and unaffordable potash prices? How many people will suffer due to corporate greed?

George Hickie Waldron, Sask.

Please forward letters to Manitoba Co-operator, 1666 Dublin Ave., Winnipeg, R3H 0H1 or Fax: 204-954-1422 or email: [email protected](subject: To the editor)

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