Canpotex Archives - Page 2 of 3 - Manitoba Co-operator

Canpotex sees terminal expansion decision late next year

By GFM Network News, Rod Nickel November 23, 2015

Winnipeg | Reuters — The new chief executive of Canpotex expects the Canadian potash trader to decide around late 2016 where to expand West Coast terminal capacity, a move that could give it a faster route to Chinese buyers in a highly competitive market. Options include building a $775 million terminal at Prince Rupert, B.C.,

Mosaic’s potash facility at Esterhazy, Sask. (Greg Berg photo)

Crops, Markets

Mosaic lays off staff at Sask. potash mine

By GFM Network News, Reuters October 23, 2015

Reuters — U.S. fertilizer company Mosaic Co. has laid off 46 unionized workers, or eight per cent of the workforce, at its Colonsay, Sask. potash mine, the company said Friday, as producers struggle with weak demand. Potash prices have fallen in the past year due to excessive mining capacity and reduced demand in key markets.

Crops, Markets

K+S shares surge after PotashCorp takeover approach

By GFM Network News, Ludwig Burger June 26, 2015

Frankfurt | Reuters –– Shares in German potash miner K+S leapt as much as 40 per cent on Friday after a takeover proposal from Canada’s PotashCorp, which sources close to the matter said was worth close to eight billion euros (C$11 billion). K+S, which would become the first German blue-chip firm in a decade to

Crops

PotashCorp, Mosaic profits climb less than expected

By GFM Network News, Reuters April 30, 2015

Reuters — North America’s two biggest potash producers, PotashCorp and Mosaic Co., reported larger first-quarter profits on Thursday, but results missed expectations. Saskatoon-based PotashCorp, the world’s biggest fertilizer maker by market capitalization, cut its full-year profit forecast, and both companies warned potash prices could slide. Prices are yet to recover after a collapse in 2013,

Crops

Mosaic profit falls on weak China sale

February 12, 2013

reuters / Mosaic’s quarterly operating profit fell 30 per cent and the fertilizer producer said it expects potash margins to fall further in its current quarter, a reflection of its recent low-priced contract with China. China has been aggressively negotiating for lower potash prices. In December, Sinofert Holdings signed a deal with Canpotex — the

Crops, News

Canpotex signs China potash supply deal at discount

By Rod Nickel January 17, 2013

Three North American potash producers have struck a six-month agreement to supply the crop nutrient to a subsidiary of China’s Sinofert Holdings Ltd. at a steep discount of US$70 per tonne from the last contract price. Canpotex Ltd., the offshore sales agency for PotashCorp of Saskatchewan, Mosaic Co. and Agrium Inc. — said on Dec.

News

Agrium profit, outlook slump on lower potash sales

By Rod Nickel November 15, 2012

Agrium shares slumped seven per cent after it reported a 56 per cent drop in third-quarter profit on lower potash sales and offered a weaker-than-expected outlook for the fourth quarter. Downtime at Agrium’s Saskatchewan potash mine and drawn-out contract talks with China and India hurt third-quarter performance, CEO Mike Wilson said. The company’s stock had

Crops, News

Potash sales suffer as China and India stop buying

November 9, 2012

Reuters / PotashCorp of Saskatchewan’s third-quarter earnings fell 22 per cent as a standoff over new contracts led to a sharp drop in shipments to China and India, the world’s two biggest consumers of the company’s namesake crop nutrient. Overseas potash shipments by North American producers dropped by one-quarter to 1.9 million tonnes in the

Cereals, Opinion

Commodities Lend Themselves To Single-Desk Selling

By Ken Larsen November 4, 2010

You have to admire politicians who set aside long-held beliefs when they are confronted with the reality of how the world works. Reality sets in once they arrive in government and are responsible to more than just their supporters. Good examples are former Alberta Conservative premier Peter Lougheed and Saskatchewan’s Premier Brad Wall. Both were

Cereals, Opinion

High Fertilizer Prices — Good. High Grain Prices — Bad

By Laura Rance-Unger October 21, 2010

Farmers could be forgiven for tuning out the twists and turns in the ongoing battle over the future of Canada’s PotashCorp to focus on more top-of-mind issues such as finishing off this year’s field work. But whether you’re tuned in or not, how this deal shakes down could have an impact on your bottom line.

Daily Network News

U.S. CPC sees 75 per cent chance of La Niña transition by early 2026

Grain Farmers of Ontario joins Grain Growers of Canada

U.S. livestock: Chicago cattle, hogs drop

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