In the latest sign that producers are expecting global demand for crop nutrients to surge this year, Russia’s OAO Uralkali said its Belrusian Potash Co. will raise prices in May for Brazilian customers. Amid surging prices for agricultural commodities farmers are looking to boost crop yields, opening the door for fertilizer makers to raise prices. Belrusian Potash will charge up to $525 per metric ton of Potash in May up from a prior price of $475, Bloomberg News reported. Uralkali raised prices for Chinese customers by 14% in January to $400 per metric ton. The Uralkali news is proving to be a boon for North American fertilizer producers. Potash Corp of Saskatchew (POT )and Mosaic Company (MOS ), the two largest North American potash producers, are both higher by 3% today. Agrium (AGU) and CF Industries Holdings (CF) are higher by 2% while Monsanto Company (MON), the maker of genetic seeds, is up 1%, as is Intrepid Potash (IPI).
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