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Mosaic’s mine shaft tower from its K3 facility in southern Sask. Photo: Greg Berg
Markets

Mosaic sees fertilizer demand supported by tight crop supplies into 2023

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Reuters – Mosaic Co MOS.N said on Monday it expects tight grain and oilseed markets into 2023, encouraging the continued use of fertilizers despite their surging costs. “The war in Ukraine, high temperatures in North America and Europe, and developing drought conditions in parts of South America highlight the risk for reduced yields globally,” Mosaic said.
(Nutrien video screengrab via YouTube)
Crops

Nutrien bolsters profit forecast on surging fertilizer prices

Fertilizer sector set for biggest profits in years

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Reuters — Nutrien Ltd. on Monday raised its full-year earnings forecast well above estimates after posting a more than 10-fold jump in first-quarter profit, as the world’s largest fertilizer company benefits strongly from soaring prices of crop nutrients. Prices of essential crop nutrients such as potash and phosphate skyrocketed in the quarter, touching near-record levels,
News

Mosaic’s Brazil unit sees fertilizer demand growing

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Reuters – Mosaic Fertilizantes, a unit of Mosaic Co., sees fertilizer demand in Brazil growing by six per cent to as much as 10 per cent in 2021 if demand from corn farmers proves strong, an executive told Reuters. Mosaic Fertilizantes head Corrine Ricard noted the strong negative effects droughts and frosts have had on Brazil’s 2021 corn crop. But she
Nutrien’s potash mine near Rocanville, Sask. (Nutrien.com)
Crops, Markets

Nutrien to further bump up potash output

'Continued tightening' in market cited as potash producer Belarus sanctioned

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Winnipeg | Reuters — Canadian fertilizer producer Nutrien said Monday it would boost its 2021 potash output by 500,000 tonnes, after the European Union and others imposed new trade sanctions on Belarus. Nutrien’s increase takes its potash sales outlook this year to a record-high range of 13.3 million to 13.8 million tonnes, and follows a
Mosaic’s potash facility at Esterhazy, Sask. (Greg Berg photo)
Crops, Markets

Flood risk forces Mosaic to shut Esterhazy potash shaft

Company to restart Colonsay mine

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Winnipeg | Reuters — Fertilizer producer Mosaic Co. said Friday it would immediately cut production at its biggest potash mine due to flood risks, and restart an idled mine to offset some of the reduction. Mosaic’s K1 and K2 mine shafts at Esterhazy, Sask., about 75 km southeast of Yorkton, have long been prone to
Nutrien’s potash mine at Lanigan, Sask., about 100 km southeast of Saskatoon. (Nutrien.com)
Crops

New Nutrien CEO to carry out current strategy

Schmidt to focus on potash price over boosting sales

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Winnipeg | Reuters — Canadian fertilizer and farm dealer Nutrien will continue its existing business strategy, including a focus on supporting global potash prices over maximizing sales, new CEO Mayo Schmidt said Tuesday. Surging prices of corn, soybeans and canola have given North American farmers more incentive to spend on fertilizer, lifting crop nutrient prices
(File photo by Dave Bedard)
Crops, Markets

Nutrien beats profit expectation on strong potash sales

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Reuters — Canadian fertilizer maker Nutrien posted fourth-quarter profit above analysts’ estimates on Wednesday as potash demand rose amid rising crop prices, sending its U.S.-listed shares up in extended trade. Fertilizer producers have benefited from high U.S. crop exports, including record-large corn sales to China. With crop prices touching multi-year highs, farmers are poised to
(Dave Bedard photo)
Crops

U.S. puts duties on phosphate from Morocco, Russia

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Reuters — The U.S. Department of Commerce said Tuesday it would set preliminary duties on phosphate fertilizer imports from Russia and Morocco, after launching an investigation to determine if producers in these countries were receiving unfair subsidies. The department set preliminary duties of 23.46 per cent on imports from Morocco’s OCP Group and other producers

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