Universal Potash Sees Demand Increasing as Prices Approach $500 per Metric Tonne
March 24 2011 - 1:26PM
Marketwired
Universal Potash Corporation (the "Company") (PINKSHEETS: UPCO)
announced the immediate demand for potash is remaining high and the
markets for the product we are developing remain firm during the
current worldwide strife. In relation to the longer-term, potential
impact of the Japanese earthquake on potash prices, Patricia Mohr,
Vice President at Scotiabank, was quoted in Potash Investing News
commenting that, "Japan is not one of Canada's larger potash
markets. Grain prices remain high, therefore there are still lots
of incentive to apply potash, and other fertilizers." Mohr added
that right now, the potash market is getting the majority of its
support from the high US demand for corn, a fertilizer-intensive
crop, which is being grown for ethanol. In addition, another
fertilizer-intensive crop, sugar cane, is at a record high.
"Acquire, Explore, Discover and Produce Potash is UPCO's simple
road to success for our shareholders. There is no substitute for
Potash and the benefits it brings to feeding the growing world's
population. Regional calamities and world stife won't diminish the
demand for our future products as food will always be in demand,"
stated Universal Potash CEO, Kevin M Murphy.
About Universal Potash Corp.: Universal Potash Corp. is an
acquisition driven exploration company, dedicated to increasing
shareholder value. The Management of Universal Potash's principal
focus is the acquisition of premium leaseholds and the future
development of these properties and business interests on a global
basis. Management efforts are channeled into building Universal
Potash Corp. into an international enterprise and meeting the
growing challenge of feeding the world.
"Safe Harbor" Statement Under The Private
Securities Litigation Reform Act of 1995: The statements in all
press releases that relate to the company's expectations, with
regard to the future impact on the company's results from new
projects in development, are forward-looking statements. A complete
disclosure of our "SAFE HARBOR "statement is posted on our website
at www.UniversalPotash.com under the heading "NEWS."
CEO@UniversalPotash.com Investor Relations Toll Free
1-877-331-8777
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