As of 08 February 2021, Intrepid increased its agricultural pricing for potash by US$50/t at all locations and on all new orders. Potash price is now posted at US$140/t above the 2020 summer-fill value. Orders taken at the previous price level are expected to be delivered by the end of April.
“Intrepid continues to benefit from great early season demand for fertilizer as increasing commodity prices, tightening inventory levels, and strong farm economics are quickly leading to the best spring season in years.” said Bob Jornayvaz, Intrepid's Executive Chairman, President, and CEO.
“After 2 years of lackluster application, farmers are eager to replace nutrients and maximise yield in this increasingly strong commodity environment. Last week, we finished booking historic second quarter volumes at the full US$40/t price increase announced in December and are confident moving price higher immediately. We expect to achieve this higher pricing on spot tons in the second quarter.”