May 15, 2012 / 12:42 PM / in 6 years

North American potash inventories fall

TORONTO, May 15 (Reuters) - North American potash inventories at producers fell sharply in April as long-delayed shipments to China resumed and demand for the crop nutrient within the United States rose during the spring planting season.

Stockpiles fell 455,000 tonnes in April to below 3 million tonnes. But inventories of the nutrient remained roughly 25 percent above the prior 5-year average, according to the latest industry data.

Spot potash prices hovered around $500 per tonne, according to data posted by industry giant Potash Corp on its website.

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