FinancialBuzz.com News Commentary
NEW YORK, March 27, 2023 /PRNewswire/ -- Potash is an essential nutrient for plants, particularly in the growth and development of their roots. It is a naturally occurring mineral that contains potassium in water-soluble form, and it is commonly used in the agriculture industry as a fertilizer. Potash plays a crucial role in enhancing crop yield and quality, which has made it an essential component of modern agriculture. Potassium also contributes to the overall health of the plant by strengthening its immune system and improving its resistance to diseases and pests. The future market potential for potash is promising, particularly as the global population continues to grow and demand for food increases. And, according to data provided by Industry Research Biz, the global potash market size was valued at USD 26.1 Billion in 2022 and is expected to expand at a CAGR of 2.54% during the forecast period, reaching USD 30.4 Billion by 2028. Sage Potash Corp. (TSX-V: SAGE), FMC Corporation (NYSE: FMC), CVR Partners, LP (NYSE: UAN), The Mosaic Company (NYSE: MOS), Hawkins, Inc. (NASDAQ: HWKN)
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