The potash sector was largely in stability in 2025, resulting in steady provide and predictable costs.
Whereas the market stabilized within the first half of 2024, decrease price inputs for potash manufacturing and improved crop manufacturing positioned downward strain on potash costs within the second half of the yr.
The World Financial institution expects fertilizer costs to rise considerably in 2026 owing to conflict-related pressures stemming from the outbreak of battle within the Center East and the closure of the Strait of Hormuz, a vital delivery bottleneck. Whereas the company is anticipating the biggest rises within the costs of fertilizers which can be depending on pure fuel, it is nonetheless predicting a reasonable rise in potash costs.
Based on the World Financial institution’s knowledge, potash costs are anticipated to rise to a mean of US$390 per metric ton in 2026 earlier than falling to US$365 in 2027.
This can be welcome information for potash buyers — many potash-mining operations have closed or scaled again plans in recent times, and a few are ready on the sidelines for higher days and sustainable enhancements in potash costs.
Based on the 2026 Mineral Commodity Abstract from the US Geological Survey (USGS), international potash consumption elevated to 41.6 million metric tons in 2025, up from 40.6 million metric tons in 2024. By 2029, the USGS predicts it can rise to 45.3 million metric tons. As seen in 2024, the largest good points in potash utilization got here from Asia and South America.
The USGS anticipates manufacturing capability rising to 77.4 million metric tons in 2029 from 66.1 million metric tons in 2025. Many of the improve will come from new muriate of potash (MOP) mines and undertaking expansions in Laos and Russia. New MOP mines are anticipated to come back on-line in Belarus, Brazil, Canada, Ethiopia, Morocco and Spain.
By way of whole output, the USGS estimates that international potash manufacturing totaled 49 million metric tons in 2025, whereas world potash reserves exceeded 5.9 billion metric tons of potassium oxide, or potash, equal.
Right here, the Investing Information Community gives a take a look at world potash manufacturing by nation. All manufacturing and reserves knowledge is reported in metric tons of potassium oxide equal.
1. Canada
Potash manufacturing: 15 million metric tons
Potash reserves: 1.1 billion metric tons
Main the checklist of the highest potash nations by manufacturing is Canada, which produced 15 million metric tons of potash in 2025, a rise of 600,000 metric tons in comparison with 2024. The prairie province of Saskatchewan is house to all of Canada’s potash manufacturing.
Canada additionally comprises one of many world’s largest land-based potash reserves, with 1.1 billion metric tons of potash in its soil.
Canada is without doubt one of the world’s largest potash exporters and the first supplier to the USA. In 2025, Canada equipped 79 % of US potash imports. Though concern over tariffs has waned for the reason that begin of 2025, there may be nonetheless some uncertainty forward of CUSMA negotiations in summer time 2026.
There are a number of main gamers in Canada’s potash mining trade, corresponding to Nutrien (TSX:NTR,NYSE:NTR), the world’s largest potash firm. It was born from a 2018 merger between two main crop nutrient corporations, Potash Company of Saskatchewan and Agrium. At the moment, the corporate has six working potash amenities in Saskatchewan.
The world’s largest potash mine, the Mosaic Firm’s (NYSE:MOS) Esterhazy K3 operation, is able to producing almost 8 million metric tons of the fertilizer mineral annually. Esterhazy K3 has a mine life that extends out to 2049, whereas the Esterhazy advanced is anticipated to function till 2084.
Moreover, BHP (ASX:BHP,NYSE:BHP,LSE:BHP) is at the moment constructing the Jansen mine in Saskatchewan. The primary section of the mine was initially slated to start its manufacturing ramp up in late 2026, nonetheless, on account of a surge in improvement prices and effectively equipped market, BHP pushed its timeline to mid-2027. As soon as each phases are full, the mine might be one of many largest on the planet and can produce an estimated 8.5 million metric tons of potash per yr.
2. Russia
Potash manufacturing: 10 million metric tons
Potash reserves: 2 billion metric tons
Russia, the world’s second-largest producer of potash, mined 10 million metric tons of potash in 2025. The nation holds the biggest land-based reserves as effectively, with 2 billion metric tons of potash in Russia.
Uralkali is Russia’s premier potash firm and one of many world’s main potash producers, accounting for roughly 20 % of world provide pre-war. The corporate has 5 mines and 7 ore remedy and processing mills.
In response to Russia starting its invasion of Ukraine in February 2022, the EU positioned import quotas on potash from Russia, and the US sanctioned particular corporations, limiting potash imports. Each the EU and US had eased their restrictions on Russian fertilizer imports in late 2022 in response to rising considerations about international meals insecurity.
In 2025, Russian exports to the USA accounted for 12 % of potash provide.
Regardless of the lifting of sanctions, Russia has maintained export controls on a lot of its fertilizer merchandise, and in 2026 is limiting the quantity of advanced fertilizers, which incorporates MOP, to 7 million metric tons.
3. China
Potash manufacturing: 6.3 million metric tons
Potash reserves: 200 million metric tons
China ranks third in international potash manufacturing, in 2025 its output remained flat in comparison with 2024 at 6.3 million metric tons.
Potash is extraordinarily important for China — the nation is the biggest shopper of the fertilizer, accounting for about 20 % of world potash consumption. China’s home demand for the fabric is increased than its homegrown potash provide, making the nation reliant on potash imports, particularly in terms of MOP. In 2025 the nation imported an estimated 12.61 million metric tons.
The provinces of Xinjiang and Qinghai are house to China’s major potash deposits, and the Qinghai Salt Lake Potash Firm (SZSE:000792) is the nation’s largest potash producer.
4. Belarus
Potash manufacturing: 6 million metric tons
Potash reserves: 750 million metric tons
Potash manufacturing in Belarus totaled 6 million metric tons in 2025, up from an estimated 5 million metric tons in 2024. The nation hosts 750 million metric tons of potash reserves.
Potash fertilizers are Belarus’ prime export, making the sector essential to the Belarusian financial system. Belaruskali is the nation’s largest trade operator, with seven mines and 5 processing factories throughout Soligorsk, Minsk, and Petrikov, Gomel. Most lately, the mining firm introduced the Petrikovsky manufacturing unit on-line in 2021.
Previous to 2021, output from the Japanese European nation had been on an upward trajectory since 2016, and reached as excessive as 8 million metric tons in 2020.
Human rights violations and political crackdowns by the Belarusian authorities below Lukashenko in 2021 led the EU and US to put an array of sanctions on Belarus, together with its potash corporations. These measures included blocking transit of Belarus’ potash to ports by way of Lithuania, Poland and Ukraine, a transfer that restricted the land-locked nation and compelled it to reroute exports via Russia.
In March 2026, the US introduced it could ease monetary sanctions on Belaruskali in alternate for Belarus releasing 250 prisoners. As sanctions by the European Union stay in place, this has had minimal impact on Belarusian potash exports. In Might, the US authorities reportedly wrote Lithuania, Poland and Ukraine to suggest they raise sanctions and permit transport.
5. Germany
Potash manufacturing: 3 million metric tons
Potash reserves: 150 million metric tons
Germany’s potash manufacturing got here in at 3 million metric tons in 2025, up from 2.5 million metric tons in 2024. The European nation hosts 150 million metric tons of potash reserves.
The world’s first potash deposits have been found in Staßfurt in Saxony-Anhalt, now a German state, in 1856, and potash mining started at Staßfurt 5 years later. Germany was the world’s solely potash producer till the start of the twentieth century.
Okay+S (OTCQX:KPLUF) is considered one of Germany’s main potash miners, working a number of mines within the nation, together with the Werra potash operations. The nation can also be house to DEUSA Worldwide, a personal firm that mines and markets salt-based merchandise, together with potash fertilizers.
6. Laos
Potash manufacturing: 2.4 million metric tons
Potash reserves: 1 billion metric tons
The Southeast Asian nation of Laos had an output of two.4 million metric tons of potash in 2025, on par with its output in 2024. Its present output ranges signify an enormous leap from the 260,000 metric tons of potash produced in 2021. Laos additionally hosts the world’s third largest reserves after Canada and Russia with 1 billion metric tons.
Asia-Potash Worldwide Funding (SZSE:000893), one of many largest potassium fertilizer producers in Asia, is on the helm of the nation’s potash trade. It is without doubt one of the Belt and Street cooperation tasks operated by Chinese language corporations.
Laos is continuous to extend its potash manufacturing. Argus stories that in March of 2024, Laos-based potash producer Lao Kaiyuan started development on its third MOP unit. The corporate efficiently accomplished the growth as of the tip of 2025, doubling the corporate’s manufacturing capability to 2 million metric tons per yr.
In mid-2025, the nation positioned a brief freeze on approvals for potash mining actions within the capital of Vientiane following a landslide and sinkholes. Nevertheless, this doesn’t have an effect on Lao Kaiyuan’s operations, that are within the Khammouane province.
7. Israel
Potash manufacturing: 2 million metric tons
Potash reserves: massive*
In 2025, Israel produced 2 million metric tons of potash. Annual potash manufacturing in Israel has remained within the 2 million to 2.5 million metric tons vary since 2017. The nation recovers potash from the Useless Sea.
Israel is seventh by way of international potash output, and in addition hosts one of many world’s largest potash-producing corporations, ICL Group (NYSE:ICL). Apart from potash, the corporate produces roughly a 3rd of the world’s bromine, which is commonly extracted from the identical salt water and brine deposits that produce potash.
The outbreak of battle between Israel and Hamas in October 2023 created some considerations over potash provide disruptions. Nevertheless, as a result of demand was decrease than it was when the Russia-Ukraine battle broke out, the same worth shock did not hit the potash market.
Then again, in 2026, potash costs have elevated considerably amid the US-Israel led battle in opposition to Iran and Israel’s battle in opposition to Hezbollah. This is not a results of potash provide considerations, although, as by way of Israel’s potash manufacturing, ICL hasn’t suffered important disruptions. There have been stories of a drone crashing close to one ICL facility close to the port of Ashdod south of Tel Aviv, however delivery from the port was unaffected.
* Per the US Geological Survey, “Israel and Jordan get well potash from the Useless Sea, which comprises almost 2 billion tons of potassium chloride.”
8. Jordan
Potash manufacturing: 1.8 million metric tons
Potash reserves: massive*
Potash manufacturing in Jordan elevated marginally to 1.8 million metric tons in 2025 from 1.73 million metric tons the prior yr. Like Israel, Jordan additionally recovers potash from the Useless Sea.
Arab Potash Firm, situated in Jordan, is among the many world’s largest producers of potash by quantity and the only producer of potash within the Arab world. It has helped make Jordan a key potash provider for India and Asia.
As APC’s potash shipments are routed via Mediterranean ports and the Port of Aqaba within the Crimson Sea, it has prevented the bottlenecks seen with the closure of the Strait of Hormuz.
* As per the US Geological Survey, “Israel and Jordan get well potash from the Useless Sea, which comprises almost 2 billion tons of potassium chloride.”
9. Chile
Potash manufacturing: 600,000 metric tons
Potash reserves: 100 million metric tons
Chile recorded manufacturing of 600,000 metric tons of potash in 2025, barely up from 564,000 metric tons the prior yr.
The South American nation was beforehand a a lot bigger producer, producing 1.2 million metric tons of potash in 2018, however its manufacturing dropped beneath 1 million metric tons in 2019 and has slipped additional since then.
Chile’s potash reserves, that are situated in salt flats, whole 100 million metric tons.
One of many largest producers of potash within the nation is SQM (NYSE:SQM), additionally a number one producer of lithium in Chile. The corporate produces potash from the Salar de Atacama in Chile’s Antofagasta area. In Might 2026, the Errázuriz Group obtained environmental approval for its personal potash operations within the salar, that are anticipated to provide 200,000 metric tons per yr.
Over the previous few years, South American shoppers have performed a vital function in potash demand, with South American and Asian markets seeing the largest progress of potash use, based on the USGS. This positions Chile as a possible provider to assist meet this demand.
10. United States
Potash manufacturing: 500,000 metric tons
Potash reserves: 220 million metric tons
In 2025, US potash output totaled 500,000 metric tons, up 90,000 metric tons from its 2024 degree. The US has potash reserves of 220 million metric tons.
New Mexico is the supply for almost all of US potash manufacturing, based on the US Geological Survey. The state is house to 2 underground mines and one deep-well resolution mine. Utah can also be a sizeable contributor to the nation’s potash trade, with three operations.
Potassium sulfate or sulfate of potash (SOP) and potassium magnesium sulfate (SOPM) signify about 70 % of the nation’s whole potash manufacturing, with MOP accounting for the rest of manufacturing.
The US’s most prolific potash producers embody Intrepid Potash (NYSE:IPI). Intrepid, which payments itself as the one producer of MOP within the nation, operates an underground mine and a photo voltaic evaporation mine in Carlsbad, New Mexico, in addition to photo voltaic evaporation mines in Wendover and Moab, Utah.
Whereas the Mosaic Firm beforehand operated a separate potash mine in Carlsbad, New Mexico, the corporate bought the operations to fertilizer firm Worldwide Minerals Carlsbad in April 2026.
Whereas New Mexico accounts for important quantities of manufacturing quantity, the USGS notes that an estimated 7 billion metric tons of reserves lie throughout the Williston Basin that runs from Manitoba and Saskatchewan, Canada into Montana and North Dakota, US. A further 2 billion metric tons is hosted within the Paradox Basin in Utah.
Don’t overlook to comply with us @INN_Resource for real-time information updates!
Securities Disclosure: I, Dean Belder, maintain no direct funding curiosity in any firm talked about on this article.
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