Benzinga | Mar 15, 2021 04:16PM EDT

Intrepid Raises Trio Price By $20 Per Ton To $80 Per Ton

Denver, CO, March 15, 2021 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE:IPI) ("Intrepid") today announced the following increase to its Trio(r) price.

*Effective March 15, 2021, Intrepid increased its Trio(r) price by $20 per ton on all product grades. Trio(r) price is now posted at $80 per ton above the 2020 summer-fill price.

"The strong fertilizer season continues as solidly profitable farm economics support robust application across virtually all markets." said Bob Jornayvaz, Intrepid's Executive Chairman, President, and CEO. "We are seeing strong commodity markets around the world as evidenced by rising prices across a suite of farm commodities such as soybeans, corn, cotton, sugar, cocoa, palm oil, forage crops, fruits, and vegetables and also rising prices in industrial commodities such as copper and oil, traditional harbingers of improving global economics and growth. We have a strong book of sales through the second quarter and expect customers will continue to replenish warehouses as the season continues. We expect to achieve this higher pricing on spot tons in the second quarter."