Editing Potash (section)

===Pricing===
At the beginning of 2008, potash prices started a meteoric climb from less than US$200 a tonne to a high of US$875 in February 2009.<ref>{{cite news|url=http://www.potashinvestingnews.com/354-potash-prices-at-record-high.html|date=February 5, 2009|title=Potash Prices Are Record High|publisher=Potash Investing news|access-date=October 18, 2009|archive-url=https://web.archive.org/web/20090316162444/http://www.potashinvestingnews.com/354-potash-prices-at-record-high.html|archive-date=March 16, 2009|url-status=dead}}</ref> These subsequently dropped dramatically to an April 2010 low of US$310 level, before recovering in 2011–12, and relapsing again in 2013. For reference, prices in November 2011 were about US$470 per tonne, but as of May 2013 were stable at US$393.<ref>[http://www.infomine.com/investment/metal-prices/potash/5-year/ 5 Year Potash Prices and Potash Price Charts – InvestmentMine]. Infomine.com (2013-05-31). Retrieved on 2013-06-21.</ref> After the surprise breakup of the world's largest potash cartel at the end of July 2013, potash prices were poised to drop some 20 percent.<ref>{{cite news|url=https://www.reuters.com/article/potash-prices-idUSL6N0H032X20130905|title=Potash prices head for 20 pct drop after cartel disintegrates|date=5 September 2013|access-date=16 April 2019|via=www.reuters.com|newspaper=Reuters}}</ref> At the end of December 2015, potash traded for US$295 a tonne. In April 2016 its price was US$269.<ref>{{cite web|title=Potash Prices and Potash Price Charts|url=http://www.infomine.com/investment/metal-prices/potash/|website=InfoMine|access-date=6 September 2016|date=2016-04-30}}</ref> In May 2017, prices had stabilised at around US$216 a tonne down 18% from the previous year. By January 2018, prices have been recovering to around US$225 a tonne.<ref>{{cite web|title=Potash Prices and Potash Price Charts|url=https://ycharts.com/indicators/potassium_chloride_muriate_of_potash_spot_price
|website=ycharts|access-date=18 October 2017|date=2017-06-05}}</ref> World potash demand tends to be price inelastic in the short-run and even in the long run.<ref name="auto"/>