The Potash Market and Its Future Prospects

Rawashdeh, Rami Al; Xavier-Oliveira, Emanuel; Maxwell, Philip

doi:10.2139/ssrn.2757750

Cited by 4 publications

(8 citation statements)

References 18 publications

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“…The rest is used in industrial water treatment, animal feed supplements, cement, fire extinguishers, and textile production (BGS, 2011;Al Rawashdeh and Maxwell, 2014). In agriculture, the use of mined potassium fertiliser increased since the onset of industrial agricultural systems in the 1950s-1960s and discoveries of mineral potassium deposits in Germany and Canada (Al Rawashdeh and Maxwell, 2014;Ciceri et al, 2015;Al Rawashdeh et al, 2016).…”

Section: Potassium Fertilisers In Developing Countriesmentioning

confidence: 99%

“…The global demand for fertiliser nutrients (expressed as N+P2O5+K2O) is increasing at 2.6% per annum (FAO, 2019) (see Table 1). This trend is associated with increasing consumption of animal protein (Roberts, 2009), fresh fruits and vegetables (Al Rawashdeh et al, 2016;FAO, 2016), and biofuel production (USGS, 2009;Canter et al, 2015), in the context of rising economic affluence and population growth (Weinzettel et al, 2013). The USGS (2019) forecasts that world potash consumption will increase from 42.2 million tonnes in 2018 to 46.2 million tonnes in 2022 with major demand coming from Africa (demand growth at 3.6% per annum), South America (2.9% per annum), and Asia (2.9% per annum) (Heffer and Prud'homme, 2016).…”

Section: Potassium Demand and Supply In Developing Countriesmentioning

confidence: 99%

“…Access to potassium fertilisers in sub-Saharan Africa is low and the continent solely depends on imports (Mukuve and Fenner, 2015;FAO, 2016). Market constraints for African farmers to access fertilisers include high prices, costly transportation, absence of large-scale potash mines, and lack of domestic potassium production (Sanchez, 2002;Sheldrick and Lingard, 2004;Ciceri et al, 2015;Al Rawashdeh et al, 2016;USGS, 2016;Martey et al, 2019).…”

Section: Potassium Demand and Supply In Developing Countriesmentioning

confidence: 99%

See 2 more Smart Citations

Circular economy and six approaches to improve potassium life cycle for global crop production

et al. 2021

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Section: Potassium Fertilisers In Developing Countriesmentioning

confidence: 99%

Section: Potassium Demand and Supply In Developing Countriesmentioning

confidence: 99%

Section: Potassium Demand and Supply In Developing Countriesmentioning

confidence: 99%

See 1 more Smart Citation

Circular economy and six approaches to improve potassium life cycle for global crop production

et al. 2021

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“…Rayner and Cooper ( 1994 ) employed appropriate error correction models to come to the conclusion that nitrogen’s short- and long-run price elasticities were both quite low. Al Rawashdeh et al ( 2016 ) developed an econometric model to evaluate short- and long-term demand elasticities for potash fertilizers. They discovered that potash demand is price, income, and cross price inelastic in both short and long term.…”

Section: Introductionmentioning

confidence: 99%

Estimating short-run (SR) and long-run (LR) demand elasticities of phosphate

Rawashdeh

2022

Miner Econ

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Many empirical exercises estimating demand functions are concerned with estimating dynamic effects of price and income changes over time. Researchers are typically interested in getting estimates of both short-run (SR) and long-run (LR) elasticities, along with their standard errors. This study aimed to contribute with estimations of demand elasticities of world phosphate fertilisers. It answered the research question “How world demand of phosphate fertilisers is affected by its own price changes, cross price changes, income changes and other variables?”. Short and long run elasticities are calculated using an economic model in this paper. The findings indicate that global phosphate demand is price inelastic both in the short and long run. In addition, in both the short and long run, income elasticity, cross price elasticity, and cross yield elasticity are inelastic. Our modeling predicts that phosphate consumption for fertilisers will increase from 45.35 million tons in 2018 to around 59.16 million tons by 2028; which implies that an average annual growth rate of 2.7% of P 2 O 5 will be required every year by phosphate consumers and that additional production capacity may be needed in order to meet this future demand. The results suggest that phosphate prices are forecast to increase, as long as demand continues to rise and no new production facilities are built.

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“…Global consumption of K is approximately 29 million tonnes per annum, and this is forecast to grow to 31.5 million tonnes by 2022 (Rawashdeh et al, 2016). This demand is met by multiple forms of K, originating from different evaporite minerals and manufacturing processes, including MOP, potassium magnesium chloride (KMgCl 3 ) and potassium sulphate (K 2 SO 4 , also known as sulphate of potash or SOP).…”

Section: Introductionmentioning

confidence: 99%

The response of winter barley (Hordeum vulgare) and forage maize (Zea mays) crops to polyhalite, a multi-nutrient fertilizer

et al. 2020

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Polyhalite is a multi-nutrient mineral ore containing potassium (K), calcium (Ca), magnesium (Mg) and sulphur (S). Historically, it has enjoyed minor use as a fertilizer, but the opening of a new mine in the UK will make larger quantities available. Therefore, an examination of the performance of crops fertilized with polyhalite, or selected commercial alternatives, was pertinent and is reported here. Four field trials were carried out between 2013 and 2016 to investigate the response of winter barley (Hordeum vulgare L.) and forage maize (Zea mays L.) to different application rates of polyhalite, potassium chloride (muriate of potash, MOP) and potassium sulphate (sulphate of potash, SOP) fertilizers. Potassium and S nutrition were the focus of these trials as they limit field production more often than Mg and Ca. Polyhalite was found to be an effective source of both K and S for crop production. In three out of four trials, application of polyhalite resulted in similar or greater K offtake compared with both MOP and SOP; MOP application resulted in greater K offtake in one trial. In three out of four trials, application of polyhalite resulted in similar or better S offtake compared with both MOP and SOP; SOP application resulted in greater S offtake in one trial. Polyhalite and MOP treatments produced similar total dry weight in all four trials, but were slightly inferior to SOP treatment.

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The Potash Market and Its Future Prospects

Cited by 4 publications

References 18 publications

Circular economy and six approaches to improve potassium life cycle for global crop production

Circular economy and six approaches to improve potassium life cycle for global crop production

Estimating short-run (SR) and long-run (LR) demand elasticities of phosphate

The response of winter barley (Hordeum vulgare) and forage maize (Zea mays) crops to polyhalite, a multi-nutrient fertilizer

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