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Agricultural minerals keeping pace with food demand

Demand for agricultural minerals is widely predicted to ramp up in the wake of the pandemic

Mining Journal
Agricultural minerals keeping pace with food demand

Demand for agricultural minerals is widely predicted to ramp up in the wake of the pandemic, presenting opportunities for junior miners active in the space.

Rising food prices suggest the agriculture sector is in the midst of a boom. Corn hit an eight-year high at the end of April, while soybean oil has been trading at levels not seen in a decade.

Fertiliser prices are also on the move. In April, Belarusian Potash Co. agreed a new contract price with India's largest potash importer that was 13% above the level the companies agreed late January.

In terms of a supply response, the few existing fertiliser producers may be able to expand production through greater utilisation of nameplate capacity, but development of greenfield assets will be essential to meet demand in the longer term.

In this report, we delve into the fundamentals of the fertiliser market and highlight the leading projects in development across the potash and phosphate sectors.

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