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This table presents the average prices of U.S. potash, categorized by type and grade, measured in dollars per metric ton of K2O equivalent. It provides a detailed breakdown of pricing trends for muriate potash with a minimum of 60% K2O content, distinguishing between standard and granular forms over semiannual periods and yearly averages. This information is critical for stakeholders in the agricultural and chemical industries, as potash is a key fertilizer component influencing crop yields and production costs. Understanding price fluctuations helps producers, distributors, and policymakers make informed decisions regarding supply chain management, market strategies, and economic planning.
Analysis of the data reveals a notable increase in potash prices from 2023 to 2024. For standard muriate potash, the yearly average price rose from $610 per metric ton in 2023 to $705 in 2024, reflecting a significant upward trend. Similarly, granular muriate potash prices increased from a 2023 yearly average of $630 to $690 in 2024. The semiannual figures show that prices peaked in the first half of 2024, with standard potash reaching $725 and granular potash $735 per metric ton, before slightly declining in the latter half of the year. These trends suggest heightened demand or supply constraints impacting the U.S. potash market during this period.
| TABLE 2 | ||||||||||||
| PRICES OF U.S. POTASH, BY TYPE AND GRADE1, 2, 3 | ||||||||||||
| (Dollars per metric ton of K2O equivalent) | ||||||||||||
| 2023 | 2024 | |||||||||||
| January– | July– | Yearly | January– | July– | Yearly | |||||||
| Type and grade | June | December | average | June | December | average | ||||||
| Muriate, 60% K2O minimum: | ||||||||||||
| Standard | 630 | 590 | 610 | 725 | 690 | 705 | ||||||
| Granular | 640 | 600 | 630 | 735 | 635 | 690 | ||||||
1Table includes data available through May 9, 2025.
2Average prices, free on board mine, based on sales.
3Rounded to the nearest $5 to avoid disclosing proprietary data.
Source: United States Geological Survey Mineral Resources Program
See also: Potash statistics | Mineral commodity prices