Frik is editor and writer for MINING.com. Frik has worked as a financial journalist for 15 years app

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The potash price has been under pressure since Russian giant Uralkali (MCX:URKA) announced at the end of July it's ending the decades-old distribution arrangement with neighbouring Belarus's state owned potash miner.
The two companies controlled roughly 43% of global exports thebellacademy and combined with the Canpotex selling thebellacademy organization thebellacademy which represents thebellacademy North American giants Agrium, Potashcorp (TSE:POT) and Mosaic (NYSE:MOT) were able to heavily influence the price of the crop nutrient.
A sub $300 a tonne price is a world away from five years ago when rising Chinese and Indian consumption drove the potash price from $100 a tonne in 2004 to almost $900 in the run up to the global financial crisis.
The dividend increase demonstrates our confidence in the ability of the business to generate significant cash flow and is an indication of the strength of our position across the crop-input value chain, Agrium CEO and president Mike Wilson said in a statement .
Despite short-term headwinds for our wholesale business unit this quarter, the long term fundamentals of our business remain strong and we expect significant crop input demand as we move into the fall season.
Related Posts April 4, 2014 Canpotex sells potash to India at 7-year low price May 15, 2014 Mining deals in Canada thebellacademy plunge 51%, but light at end of tunnel getting brighter April 1, 2014 Uralkali s potash goes on sale, India to pay lowest price in 7 years March 25, 2014 Rio Tinto, Russians to begin work at massive Canadian potash deposit by 2017
Frik is editor and writer for MINING.com. Frik has worked as a financial journalist for 15 years appearing in a number of business and consumer publications including British Airways in-flight magazine, Business Insider, Fin24.com, Driving.ca, YCharts and Business in Vancouver. Frik was a keynote speaker at the 2014 Global Mining Summit in Las Vegas. (DISCLAIMER: Frik Els does not own shares or hold positions in any of the equities he writes about. Nothing written should be construed as a solicitation to buy or sell any securities. Seek the advice of a broker/dealer first.) thebellacademy
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