# Where does potash come from?

Source: Commodity Origins, https://commodityorigins.com/commodities/potash/ — data JSON: https://commodityorigins.com/data/commodities/potash.json — license CC BY 4.0 (upstream data keeps its license; see Sources below).

Potash comes mainly from Canada, which produced 15 million tonnes in 2025, 31% of the world's 49 million tonnes (USGS MCS). Russia (20%), China (13%) and Belarus (12%) follow; the top five together supply 82%. The biggest exporter of potassic fertilizers (HS 3104) is Canada (33% of world export value in 2024, CEPII BACI). The benchmark price, Potassium chloride, standard grade, FOB Vancouver, was $386.9/t in August 2026, up 9% from a year earlier (World Bank Pink Sheet). Potash is the salt left behind when ancient inland seas dried up, so the mines sit on buried evaporite basins — the Devonian Prairie Evaporite beneath Saskatchewan, the Permian beds of the Urals and Belarus, the Zechstein of northern Germany — and on the Dead Sea, where the evaporation has never stopped.

*Potassium salts, mostly potassium chloride, mined from ancient seabed deposits and spread as fertilizer.* Also called: potassium chloride, muriate of potash, MOP, KCl, potassium fertilizer.

## Where does potash come from?

| Rank | Country | Production 2025 (tonnes) | Share |
|---|---|---|---|
| 1 | Canada | 15 million | 31% |
| 2 | Russia | 10 million | 20% |
| 3 | China | 6.3 million | 13% |
| 4 | Belarus | 6 million | 12% |
| 5 | Germany | 3 million | 6.1% |
| 6 | Laos | 2.4 million | 4.9% |
| 7 | Israel | 2 million | 4.1% |
| 8 | Jordan | 1.8 million | 3.7% |
| 9 | Chile | 600,000 | 1.2% |
| 10 | United States | 500,000 | 1% |
| | Rest of world | 350,000 | 2.9% |
| | World | 49 million | 100% |

Source: USGS Mineral Commodity Summaries, MCS 2026.

Potash means potassium salts used as fertilizer, and in practice it means potassium chloride, sold as muriate of potash or MOP, which is around 60% potassium oxide equivalent. Production here is measured as K2O equivalent rather than as product weight, following the USGS, so a tonne in the table is roughly 1.6 tonnes of the pink granules a farmer actually buys. In 2025 Canada mined 15 million tonnes, 31% of the world's 49 million tonnes (USGS MCS). Russia was second with 10 million tonnes (20%), China third with 13% and Belarus fourth with 12%, ahead of Germany (6.1%) and Laos (4.9%). Output changed +5% from the previous year. Only 12 countries mine potash at all, and just 2.9% of world output comes from outside the top ten, which makes it the most geographically concentrated of the three major plant nutrients.

The geology explains the concentration. Potassium is abundant in the crust but almost never occurs in a form a plant can use, except where an arm of the sea was cut off and evaporated. As the water disappeared, salts crystallized in order of solubility: first carbonates, then gypsum, then common salt, and last of all the potassium and magnesium salts, sylvite and carnallite, which stay dissolved longest. Those final layers are thin, rare and were usually buried afterwards under later sediment, which is why potash mines are deep and few. The Devonian Prairie Evaporite runs under southern Saskatchewan and into Manitoba and North Dakota; Permian beds of the same kind lie beneath Solikamsk and Berezniki in the Russian Urals, beneath Soligorsk in Belarus, under the North German and English Zechstein, in the Delaware Basin of New Mexico, in Catalonia and in the Khorat Plateau of Laos and Thailand. The Dead Sea and the Chilean salars are the living version of the same process: brine is pumped into shallow ponds and the sun does the work.

Reserves, which the USGS defines as the part of identified resources that could be extracted economically at the time of the estimate, stood at 5.6 billion tonnes of K2O equivalent in 2025. Russia held 2 billion tonnes, 36% of the total, followed by Canada (20%), Laos (18%), Belarus (13%) and United States (3.9%) (USGS MCS). Four countries hold most of what is worth mining, and three of them lie in a band across the northern hemisphere that has nothing to do with where crops are grown. The fourth, Laos, is a recent arrival: deposits known for decades became worth developing when Chinese buyers wanted a supply that did not cross a sanctioned border.

That is the political fact underneath the geology. Potash is mined in a handful of northern countries and used overwhelmingly in the tropics and subtropics, on soils that lose potassium to leaching and on crops such as soybeans, oil palm, sugar cane, coffee and bananas that remove a great deal of it. Every tonne therefore has to travel a long way, usually by rail to a coast and then by bulk carrier, and the countries that need it most have almost none of their own. When sanctions closed the western export routes for Belarusian potash from 2021, the effect was felt in Brazil and Southeast Asia rather than in Europe.


## Who exports and imports potash?

Potash geology is concentrated: Canada, Russia and Belarus hold most of the mineable deposits, and sanctions on Belarus reshaped the trade after 2021.

### Exporters of mineral or chemical fertilizers, potassic (HS 3104), 2024

| Rank | Country | Value (US$) | Share |
|---|---|---|---|
| 1 | Canada | $6.6 billion | 33% |
| 2 | Russia | $4.7 billion | 24% |
| 3 | Germany | $1.5 billion | 7.3% |
| 4 | Belarus | $1.1 billion | 5.3% |
| 5 | Israel | $991.4 million | 5% |
| 6 | Laos | $825.6 million | 4.1% |
| 7 | United States | $774.7 million | 3.9% |
| 8 | Jordan | $742.3 million | 3.7% |
| 9 | Uzbekistan | $548.3 million | 2.7% |
| 10 | Belgium | $310.3 million | 1.6% |
| 11 | Turkmenistan | $259.2 million | 1.3% |
| 12 | Spain | $237.8 million | 1.2% |
| 13 | China | $172.2 million | 0.9% |
| 14 | United Kingdom | $150.1 million | 0.8% |
| 15 | Chile | $139 million | 0.7% |

### Importers of mineral or chemical fertilizers, potassic (HS 3104), 2024

| Rank | Country | Value (US$) | Share |
|---|---|---|---|
| 1 | Brazil | $4 billion | 20% |
| 2 | United States | $3.7 billion | 19% |
| 3 | China | $3.6 billion | 18% |
| 4 | India | $1.1 billion | 5.7% |
| 5 | Indonesia | $889.3 million | 4.5% |
| 6 | Malaysia | $565.8 million | 2.8% |
| 7 | Belgium | $408.4 million | 2% |
| 8 | Poland | $369.1 million | 1.8% |
| 9 | Australia | $346.9 million | 1.7% |
| 10 | Thailand | $327.8 million | 1.6% |
| 11 | France | $213.2 million | 1.1% |
| 12 | Colombia | $203.7 million | 1% |
| 13 | South Korea | $203.2 million | 1% |
| 14 | South Africa | $194.7 million | 1% |
| 15 | Netherlands | $184.1 million | 0.9% |

### Exporters of potassium chloride (HS 310420), 2024

| Rank | Country | Value (US$) | Share |
|---|---|---|---|
| 1 | Canada | $6.5 billion | 36% |
| 2 | Russia | $4.6 billion | 25% |
| 3 | Germany | $1.1 billion | 6% |
| 4 | Belarus | $1.1 billion | 5.9% |
| 5 | Israel | $971.7 million | 5.4% |
| 6 | Laos | $821.8 million | 4.5% |
| 7 | Jordan | $723 million | 4% |
| 8 | United States | $601.8 million | 3.3% |
| 9 | Uzbekistan | $511.3 million | 2.8% |
| 10 | Turkmenistan | $259.2 million | 1.4% |
| 11 | Spain | $224.2 million | 1.2% |
| 12 | Chile | $130 million | 0.7% |
| 13 | Belgium | $95.3 million | 0.5% |
| 14 | China | $85.8 million | 0.5% |
| 15 | United Kingdom | $46.9 million | 0.3% |

### Importers of potassium chloride (HS 310420), 2024

| Rank | Country | Value (US$) | Share |
|---|---|---|---|
| 1 | Brazil | $3.9 billion | 21% |
| 2 | United States | $3.6 billion | 20% |
| 3 | China | $3.6 billion | 20% |
| 4 | India | $1.1 billion | 5.9% |
| 5 | Indonesia | $874.3 million | 4.8% |
| 6 | Malaysia | $491.4 million | 2.7% |
| 7 | Belgium | $384.8 million | 2.1% |
| 8 | Poland | $350.4 million | 1.9% |
| 9 | Thailand | $313.8 million | 1.7% |
| 10 | Australia | $284.7 million | 1.6% |
| 11 | South Korea | $187.9 million | 1% |
| 12 | Colombia | $165 million | 0.9% |
| 13 | France | $164 million | 0.9% |
| 14 | Paraguay | $137.1 million | 0.8% |
| 15 | Morocco | $131.1 million | 0.7% |

Source: CEPII BACI international trade database (HS22, V202601).

In 2024 the largest exporter of potassic fertilizers (HS 3104) was Canada, with $6.6 billion, or 33% of the world's $20 billion of export value (CEPII BACI), ahead of Russia (24%), Germany (7.3%), Belarus (5.3%) and Israel (5%). Narrowing to potassium chloride alone under HS 310420, which is the bulk of the business, exports were worth $18.1 billion in 2024, with Canada at 36% and Russia at 25%. The largest importer of potassic fertilizer was Brazil with $4 billion, 20% of the world's $20 billion, then United States (19%), China (18%) and India (5.7%).

Two things in those tables deserve a second look. The first is that a large miner can also be a large importer: China mines a substantial share of world output and still buys heavily, because its own deposits are mostly brine operations in Qinghai and Xinjiang, far from the farms of the east and south, and because domestic output does not cover domestic demand. The second is Brazil, which imports a very large share of the world total while mining almost nothing, an exposure that makes potash a recurring subject in Brazilian industrial policy. Unlike phosphate and nitrogen, potash has almost no processing step that can be relocated: potassium chloride comes out of the mine essentially as the finished product, so the trade table is close to a direct map of the geology.


## What does potash cost?

- Potassium chloride, standard grade, FOB Vancouver: $386.9/t in August 2026; 12-month change +9%; 10-year change +87%; all-time high $1,202/t in April 2022; real high (2024 US$) $1,307/t in April 2022 (World Bank Pink Sheet).

Prices are monthly benchmark averages that lag the market; not investment advice.

### How it is priced

Potash has no futures contract, no exchange and no daily settlement. It is a market of perhaps a dozen sellers and a very large number of buyers, and prices are established in two ways. Most tonnes move under annual or semi-annual contracts, above all the settlements negotiated with buying consortia in China and India, which are announced publicly and then act as a floor or ceiling for everyone else for months. The rest moves as spot cargoes into Brazil and Southeast Asia, and reporting agencies such as Argus, CRU and Profercy publish weekly assessments of those deals by grade and destination. Canadian producers have historically marketed their offshore tonnes jointly through an export association, and Russian and Belarusian producers did the same until that arrangement broke apart.

The series charted here is Potassium chloride, standard grade, FOB Vancouver. In August 2026 it stood at $386.9/t, up 9% from a year earlier (World Bank Pink Sheet). The record monthly average is $1,202/t, set in April 2022 when sanctions on Belarus met a strong crop market; unusually for a commodity with a long history, that same month is also the real high once US consumer prices are taken into account, at $1,307/t. The lowest month in a series that begins in 1960 was $22/t in January 1969. FOB Vancouver means the price of product loaded onto a ship at the British Columbia terminal, so it already contains the long rail haul from Saskatchewan but not the ocean freight; a CFR Brazil or CFR Southeast Asia quote adds that freight and is therefore always higher.

Grade and form change the number. Standard grade is a fine crystal that dissolves quickly and suits direct application and compound granulation; granular and coarse grades are compacted into larger particles so they can be bulk-blended with urea and DAP without segregating, and they command a premium. Soluble and white grades for fertigation and industry are priced higher again, and sulfate of potash, made where chloride would damage the crop, is a separate and much smaller market. The ambiguities worth remembering: production statistics are in K2O equivalent while prices are per tonne of product, so the two cannot be multiplied together; a published contract settlement is a headline number that large buyers may better in practice; and a single FOB origin is not a world price, because the freight from Vancouver to Brazil and from the Baltic to China are different businesses.


## What moves the price of potash?

### The annual China and India contracts

More than any other fertilizer, potash is priced by negotiation rather than by continuous trading, and the two settlements that matter are with Chinese and Indian buying groups. They are announced publicly, cover a large volume for a defined period, and immediately reset expectations for spot business everywhere else. A late settlement leaves the market drifting and inventories drawing down; an early one at a surprising level moves assessments in Brazil and Southeast Asia within days. Traders watch the negotiations themselves, not just the outcome.

### Producer discipline and the structure of supply

A handful of companies control most exportable supply, and for decades they marketed jointly through export associations that allocated volume between members and negotiated as a block. That structure supports price by matching supply to demand rather than running mines flat out. It is also fragile: when one large seller decides it would rather have volume than price, the arrangement can collapse and take the price with it, which is exactly what happened when the Belarusian marketing venture broke apart in 2013.

### Sanctions on Belarus and Russia

Two of the largest producers sit in countries under western sanctions and payment restrictions. The measures do not destroy capacity; they lengthen and complicate its route to market, forcing Belarusian tonnes away from Baltic ports toward Russian ones and toward buyers willing to transact. The result is a persistent gap between what is available in the Atlantic basin and what is available in Asia, and a structural discount for sanctioned material. Any change in the measures moves the price faster than any change in mine output.

### Brazilian and Southeast Asian demand

Potash demand is concentrated in tropical agriculture. Brazil's soybean, corn and sugar cane areas and the oil palm plantations of Indonesia and Malaysia sit on leached soils that hold potassium poorly and grow crops that remove it in quantity. Those buyers import nearly all of what they use, they buy on a seasonal calendar built around planting, and their purchasing decisions therefore drive the spot market. A weak Brazilian real or a poor palm oil price cuts potash volumes quickly.

### Crop prices and the deferral option

Like phosphorus and unlike nitrogen, potassium accumulates in the soil, so a farmer under financial pressure can cut or skip an application for a season and accept a small yield cost. Demand is consequently elastic in the short run and inelastic over several years, because the soil reserve has to be replaced eventually. This produces a characteristic pattern: a collapse in volumes when crop prices fall, followed by a sharper than expected rebound once margins recover and soil tests come back low.

### New capacity and very long lead times

A greenfield potash mine means sinking shafts through water-bearing rock to depths of a kilometer or more, and it takes the better part of a decade and billions of dollars before the first tonne appears. Projects are therefore approved at the top of the cycle and deliver into the bottom of the next one. Large additions under construction in Canada, together with the rapid build-out of capacity in Laos, will arrive whatever the price is when they do.

### Freight, rail and chokepoints

Potash is a low-value bulk cargo that is mined a long way from the sea, so logistics are a large share of delivered cost. Saskatchewan product moves by unit train through the Rockies to Vancouver and Portland, and a rail strike or a washout in the mountains stops exports outright. Russian and Belarusian material depends on Baltic and Black Sea terminals and on who will handle it. Ocean freight rates and Red Sea routing then decide the landed price in India and Southeast Asia.

## How is potash produced?

Two thirds or so of the world's potash comes from conventional underground mines several hundred meters to more than a kilometer deep. Continuous miners with rotating cutting heads chew a soft, banded ore of sylvite, halite and clay from long rooms, leaving pillars to hold up the roof, and the ore is conveyed to a shaft and hoisted. The great hazard is water: potash salts dissolve, so an inflow can destroy a mine, and shafts are sunk through the water-bearing strata above the ore by freezing the ground solid first. Several mines in the Urals and in Saskatchewan have been lost to flooding, and monitoring for brine inflow is a permanent preoccupation.

Where the ore is too deep or too broken to mine, it is dissolved in place. Solution mining pumps heated brine down a well, lets it saturate itself with potassium chloride in the ore body and pumps it back to surface, where the salt is recovered by cooling crystallization or by evaporation in ponds. The Dead Sea and the Chilean and Chinese salars work the same way without a mine at all: brine is drawn from the lake into shallow pans, sun and wind concentrate it, carnallite precipitates and is harvested and then decomposed to potassium chloride.

Whatever the route, the plant has to separate potassium chloride from ordinary salt, which is chemically similar and physically mixed with it. The main tool is froth flotation, in which reagents make sylvite particles hydrophobic so they cling to air bubbles and float while halite sinks. Heavy media separation, electrostatic separation and crystallization are used alongside it. The recovered crystals are dried, screened and sorted into grades: standard, a fine product that goes into compound fertilizer manufacture and direct application, and granular or coarse, made by compacting the fines between rollers into sheets that are broken and screened into hard particles matched to the size of urea and phosphate granules for blending. Sulfate of potash, needed for chloride-sensitive crops such as tobacco, potatoes and fruit, is made either from natural sulfate brines or by reacting potassium chloride with sulfuric acid in a Mannheim furnace, which is why it costs considerably more.


## What is potash used for?

Almost all potash is fertilizer. Potassium is the third of the major plant nutrients and it does not become part of the plant's structure the way nitrogen and phosphorus do; instead it regulates the opening and closing of stomata, moves sugars around the plant, activates enzymes and governs water balance, which is why a well-supplied crop stands up to drought, frost and disease better than a starved one. Deficiency shows as scorched leaf margins, weak stems and poor grain filling. The crops that take the most are those that build a lot of biomass or a lot of sugar: oil palm, sugar cane, soybeans, corn, bananas, potatoes and coffee.

The industrial remainder is small but old. Potassium chloride is used in water softening, in oil and gas drilling fluids where it stabilizes clay-rich shales, in de-icing and as a salt substitute in food. Potassium hydroxide, made by electrolysis of the chloride, is the base for soft soaps, for potassium carbonate used in glass and ceramics, and for a range of specialty chemicals; potassium nitrate goes into fertigation and pyrotechnics. Sulfate of potash serves the chloride-sensitive horticultural market. None of these uses is large enough to compete with agriculture for supply.


## Supply chain and chokepoints

The chain has almost no processing step to relocate. Potassium chloride leaves the mine site as the finished product, so unlike phosphate and nitrogen there is no intermediate that a consuming country can import and upgrade at home. What that leaves is transport, and transport is the whole story. Saskatchewan's mines load unit trains that run west through the Rocky Mountain passes to bulk terminals at Vancouver and Portland, or south into the United States by rail; Russian and Belarusian mines rail their output to Baltic and Black Sea ports; German mines ship down the Elbe and Weser; Dead Sea potash goes to Ashdod and Aqaba; Laotian potash trucks and rails north into China.

On the receiving side the flows are equally few and equally fixed. Brazil discharges at Paranaguá, Santos, São Francisco do Sul and Vila do Conde before an inland haul that can be longer than the ocean voyage. China takes seaborne cargoes at northern ports and land shipments across its southern border. India discharges on both coasts, and Southeast Asian palm oil plantations are supplied through Malaysian and Indonesian ports. Because the product is inert, non-hazardous and stores well, buyers hold real inventory and can wait, which is part of why the price moves in steps rather than continuously.

The single points of failure are rail, water and law. A washout or a labor dispute on the Canadian rail network can halt a third of world exports without touching a mine. Water inflow can take a large mine out of service for years, and has. Sanctions on two large producers have already redrawn the map once, and any further measure or its removal would do so again. Finally, the concentration of reserves in four countries means that the buyers who depend on potash most, in South America, Africa and Southeast Asia, have no domestic alternative at all, which is why import terminals, long-term contracts and, more recently, exploration in Brazil and Ethiopia are treated as questions of national policy rather than of procurement.


## Key companies

- Nutrien: potash and nitrogen producer and crop input retailer, Canada, listed (NTR)
- The Mosaic Company: phosphate and potash producer, United States, listed (MOS)
- K+S: potash, magnesium and salt producer, Germany, listed (SDF)
- ICL Group: specialty minerals and fertilizer producer with a Dead Sea potash business, Israel, listed (ICL)
- Arab Potash Company: Dead Sea potash producer, Jordan, listed
- SQM: potassium, lithium and iodine producer from Chilean brines, Chile, listed (SQM)
- BHP: diversified miner developing the Jansen potash mine, Australia, listed (BHP)
- EuroChem Group: nitrogen, phosphate and potash producer, Switzerland

## Timeline

- 1861-01: The first potash factory opens at Stassfurt. German works began recovering potassium salts from the Stassfurt evaporites in 1861, creating the potash industry and giving Germany a near-monopoly for half a century. (https://d-eiti.de/en/report/salts/)
- 1943-01: Potash found under Saskatchewan. Drilling for oil identified potash in the Devonian evaporites of the Canadian prairies, the deposit that would eventually make Canada the largest producer. (https://www.sec.gov/Archives/edgar/data/1285785/000161803422000004/finalesterhazysk1300tech.htm)
- 1962-09: First production at Esterhazy. Saskatchewan's first successful potash mine started up after ground freezing solved the water inflows that had defeated earlier attempts, opening the province's mining era. (https://www.sec.gov/Archives/edgar/data/1285785/000161803422000004/finalesterhazysk1300tech.htm)
- 1964-01: Solution mining begins at Belle Plaine. Dissolving the ore in place rather than cutting it made deep Saskatchewan deposits workable and remains one of the lowest-cost routes to potassium chloride. (https://esask.uregina.ca/entry/kalium_chemicals.html)
- 1975-11: Saskatchewan moves to take over its potash mines. The provincial announcement of 12 November 1975 led to the creation of a state potash company, the ancestor of the world's largest producer today. (https://esask.uregina.ca/entry/potash_industry.html)
- 2010-08: BHP launches a hostile bid for PotashCorp. The largest takeover attempt in fertilizer history turned potash into a question of national strategic assets and ended without a deal that November. (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000855931&type=SC+14D9&dateb=&owner=include&count=40)
- 2013-07: Uralkali walks out of the Belarusian Potash Company. The announcement of 29 July 2013 broke up a marketing venture that had handled a large share of world exports, and the potash price fell to multi-year lows. (https://www.osw.waw.pl/en/publikacje/analyses/2013-08-07/russia-breaks-cooperation-belarus-exporting-potash-fertilisers)
- 2018-01: Nutrien is created. The merger of PotashCorp and Agrium completed on 2 January 2018 formed the largest potash producer and crop input retailer in one company. (https://www.nutrien.com/news/press-releases/agrium-and-potashcorp-merger-completed-forming-nutrien-a-leader-in-global-agriculture-1551)
- 2021-06: The European Union bans Belarusian potash imports. The prohibition of 24 June 2021 removed a top-four supplier from the European market and started the redirection of Belarusian tonnes eastward. (https://home.treasury.gov/news/press-releases/jy0315)
- 2021-08: United States sanctions Belaruskali. The designation of 9 August 2021 put one of the largest potash producers under US sanctions and forced buyers and shippers worldwide to reassess the trade. (https://home.treasury.gov/news/press-releases/jy0315)
- 2021-08: BHP approves the Jansen mine. The decision of 17 August 2021 committed billions of dollars to the largest new potash mine in decades, adding a new producer to a market of very few. (https://magazine.cim.org/en/news/2021/long-awaited-bhp-jansen-potash-project-approved-en/)
- 2021-12: United States sanctions the Belarusian Potash Company. Designating the export arm on 2 December 2021, rather than only the miner, cut Belarusian potash off from much of the world market and tightened supply into 2022. (https://home.treasury.gov/news/press-releases/jy0512)
- 2023-10: Jansen stage two approved. A second tranche of investment on 31 October 2023 roughly doubled the planned mine, the largest single addition to future world potash supply. (https://www.globenewswire.com/news-release/2023/10/31/2769873/0/en/BHP-approves-C-6-4-billion-for-stage-two-of-the-Jansen-potash-project-doubling-investment-in-Canada-and-potash.html)
- 2026-05: Gulf shipping disruption lifts fertilizer prices. The World Bank reported that export disruptions around the Strait of Hormuz pushed its fertilizer index to its highest level since 2022, with potash rising alongside nitrogen and phosphate. (https://blogs.worldbank.org/en/opendata/fertilizer-prices-surge-as-strait-of-hormuz-disruptions-tighten-)

## Frequently asked questions

### Where does potash come from?

From buried salt beds left by ancient seas, and from brines such as the Dead Sea. In 2025 the world mined 49 million tonnes of K2O equivalent across just 12 countries (USGS MCS), led by Canada with 31%, Russia with 20% and China with 13%. The main deposits lie under Saskatchewan, the Urals, Belarus, Germany and Laos.

### Which country produces the most potash?

Canada mines more potash than any other country. In 2025 it produced 15 million tonnes of K2O equivalent, 31% of the world's 49 million tonnes (USGS MCS). Russia followed with 20% and China with 13%. Output is measured as potassium oxide equivalent, so a tonne here is roughly 1.6 tonnes of the potassium chloride a farmer buys.

### Which country has the most potash reserves?

Russia holds the largest potash reserves, 2 billion tonnes of K2O equivalent in 2025, or 36% of the world's 5.6 billion tonnes (USGS MCS). Canada (20%), Laos (18%) and Belarus (13%) follow. Reserves are the part of known deposits that could be mined economically at the time of the estimate, so the figure moves with prices.

### Which country exports the most potash?

Canada was the largest exporter of potassic fertilizers (HS 3104) in 2024, with $6.6 billion, 33% of the world's $20 billion of export value (CEPII BACI), ahead of Russia (24%) and Germany (7.3%). Because potash needs no processing after the mine, the export ranking follows the mining ranking closely, unlike phosphate or nitrogen.

### Who imports the most potash?

Brazil was the largest importer in 2024, taking $4 billion, or 20% of the world's $20 billion of imports (CEPII BACI), followed by United States (19%) and China (18%). Tropical farming regions dominate the buying side because leached soils and high-biomass crops remove more potassium than temperate systems do.

### What is potash used for?

Almost entirely as fertilizer. Potassium regulates water balance, moves sugars around the plant and activates enzymes, so a well-supplied crop resists drought and disease better. Oil palm, sugar cane, soybeans, corn and potatoes take the most. Industrial uses are small: water softening, drilling fluids, soaps, glass and a salt substitute. The world mined 49 million tonnes in 2025 (USGS MCS).

### What is the price of potash?

This site shows monthly averages, not live quotes. The Potassium chloride, standard grade, FOB Vancouver assessment was $386.9/t in August 2026, up 9% from a year earlier (World Bank Pink Sheet). The record monthly average was $1,202/t in April 2022. There is no futures market, so most tonnes are priced under annual contracts negotiated with buyers in China and India.

### What is muriate of potash?

Muriate of potash, or MOP, is potassium chloride, the form in which nearly all potash is sold. It is about 60% potassium oxide equivalent, which is why production statistics in K2O do not match product tonnages. Sulfate of potash is the alternative for crops damaged by chloride, and it costs more. The MOP benchmark was $386.9/t in August 2026 (World Bank Pink Sheet).

### Why did potash prices spike in 2022?

Sanctions on Belarus from 2021 removed a top-four exporter from western markets at the same time as strong crop prices raised demand, and the invasion of Ukraine added a second large exporter to the risk list. The Potassium chloride, standard grade, FOB Vancouver series reached its record monthly average of $1,202/t in April 2022 and was -44% against five years earlier by August 2026 (World Bank Pink Sheet).

## Sources

- USGS Mineral Commodity Summaries, MCS 2026, fetched 6 September 2026. License: Public domain (US Government work). https://www.usgs.gov/centers/national-minerals-information-center/mineral-commodity-summaries
- CEPII BACI international trade database (HS22, V202601), BACI HS22 V202601, fetched 6 September 2026. License: Etalab Open Licence 2.0. https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37
- World Bank Commodity Price Data (The Pink Sheet), 2026-09-02, fetched 6 September 2026. License: CC BY 4.0. https://www.worldbank.org/en/research/commodity-markets

Text last reviewed 2026-09-06. Cite as: Commodity Origins, "Where does potash come from?", https://commodityorigins.com/commodities/potash/.