Oct 6, 2017   SOURCE: BusinessWire

Potash Market Procurement Research Report – Pricing and Forecast by SpendEdge

Global procurement market intelligence advisory firm, SpendEdge, has announced the release of their 'Potash Procurement Research Report.' The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the chemicals industry. This report breaks down the data and analysis behind the procurement of potash and acts as an all-inclusive guide for making smart purchasing decisions.

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Global Potash Procurement Market Intelligence Report (Graphic: Business Wire)

Global Potash Procurement Market Intelligence Report (Graphic: Business Wire)

"The global demand for food crops is increasing due to increase in global population and rise in disposable income of consumers," says SpendEdge procurement research analyst Anil Seth. "This is leading procurement managers to procure potash to increase the yield of their food crops," added Anil.

Key Report Features

Supply Market Insights     Negotiation Strategies
Procurement Best Practices     Category Risk Analysis
Cost Saving Opportunities     Key Supplier Analysis
Pricing Models     Supplier Capability Matrix

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Report Insights

  • Governments in countries such as India, China, and the US have mandated the blending of automotive fuels such as diesel or gasoline with renewable fuels such as industrial ethanol to decrease the consumption of fossil fuels. This has fueled the demand for potash-based fertilizers from farmers to increase the yield of crops such as corn, which is used as a feedstock to produce industrial ethanol.
  • Procurement managers must engage with suppliers that can adopt innovative technologies in their potash producing facilities, which can lower their operating expenses and cost of the final product. This can be evaluated on parameters such as R&D spend, the total number of in-house research facilities, number of patents held, and cost-saving measures adopted in recent times.
  • A potash mining project requires five to ten years to reach its full potential. This can lead to delays in procurement for buyers, as suppliers need to explore new mining opportunities due to depletion of reserves constantly. However, emerging technologies such as selective dissolution are reducing these lead times, but finding suppliers that are utilizing such technologies is difficult, as only a few suppliers are currently using them.

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Potash Pricing Trends

The volume-based pricing and spot based pricing are the two frequently implemented pricing models in the global potash market. The volume-based pricing is suitable for procurement managers with large volume requirements, as they can obtain greater discounts on larger volumes of procurement. Moreover, it does not require constant monitoring of raw materials prices, as pricing remains fixed for the period of the contract, which reduces management effort.

The spot-based pricing helps procurement managers procure the product in varying quantities depending on demand from end-user organizations. The prices of potash have experienced a continuous decline in the recent years. As spot pricing depends on the market price of the commodity, procurement managers can leverage such drops.

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SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.