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POTASH IN CHINA

China

  • Population 1.4 billion
  • Uses more fertilizer than any country accounting for 29 percent of world consumption
  • Per capita renewable water resources are well below global average levels
  • Has an increasing urban population with a rising standard of living
  • Domestic consumption of meat has risen nearly seven-fold in 30 years, while fruit and vegetable consumption is nearly 10 times what it was 30 years ago
  • Government has targeted improved agricultural productivity by modernizing equipment and practices, increasing farmer subsidies, allowing transfer of land-use rights, and raising minimum prices for key commodities
  • Imports more than 80 percent of its soybean requirements, a factor driving growth in Brazil and US production
  • Limited domestic potash production capability — historically 75 percent of potash is imported

(All numbers are in tonnes)