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(Dave Bedard photo)
Crops, Markets

Fertilizer prices look to rise by late summer

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CNS Canada — A rise in prices for soybeans and other crops could make fertilizer more expensive in the coming months, according to a major player in the industry. In the May market report from the Mosaic Co., the company credited the rally in agricultural commodity prices, the strengthening of key currencies and various Indian
Mosaic’s potash facility at Esterhazy, Sask. (Greg Berg photo)
Crops

Mosaic looks for bargain buys as fertilizer sector slumps

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Reuters — U.S. fertilizer company Mosaic Co., grappling with falling prices and profits, is looking for acquisitions that could be bargain-priced in a weak commodity sector. The world’s largest producer of finished phosphate products on Thursday forecast lower selling prices for potash and phosphate in the current quarter. The Plymouth, Minn.-based company also reported fourth-quarter
(Fertilizer Safety and Security Council)
Crops, Markets

Fertilizer expected to be pricier by springtime

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CNS Canada –– Relatively cheap natural gas has helped push down fertilizer prices for Canadian farmers over the past winter, but that should change by springtime. One Manitoba farm leader noted urea fertilizer that went for $545 per tonne last August could now be acquired for $445 per tonne. “Phosphate fertilizer was going for $721
Crops

Mosaic cuts phosphate production

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Reuters –– U.S.-based fertilizer producer Mosaic Co. said Wednesday it would cut output of phosphates by up to 400,000 tonnes with rotating plant shutdowns in the first quarter, due to weak demand. Fertilizer producers have seen profits hit by falling prices, triggered in part by weak currencies in importing countries such as Brazil. “The long-term
(Dave Bedard photo)
Crops, Markets

Agrium bucks fertilizer sector trend with Q3 profit

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Reuters — Canadian fertilizer and farm retail dealer Agrium on Thursday reported quarterly profit jumped nearly nine per cent, as higher sales volumes and lower costs helped it buck the sector’s trend of weaker earnings. Weaker currencies in fertilizer-buying markets such as Brazil and India are weighing down prices, leading rivals PotashCorp and Mosaic Co.
(Photo courtesy Agrium)
Crops, Markets

Slowdown in sales softens fertilizer market

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CNS Canada — A lack of buying throughout North and South America has put fertilizer prices under pressure, but so far, no one is lining up to capitalize on the weakness, according to an industry watcher. “Farmers aren’t in the mood to buy fall fertilizer. I think they’re more uncertain this year than they normally
(Dave Bedard photo)
Crops, Markets

Mosaic cuts potash output as demand slumps

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Reuters — U.S. fertilizer company Mosaic Co. said Monday it would cut potash production and maintain its reduced phosphate output pace, lowering its outlook for sales. Delayed fertilizer purchases in Brazil and North America have weakened markets, along with volatile currency and equity markets and lower crop prices, Mosaic said in a statement after markets
News

Fertilizer prices to level off before spring rally

Many Canadian farmers have already booked 
at attractive prices last fall

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North American fertilizer prices have been on the rise over the past month, but are expected to level off until the spring, when the market should see a seasonal rally, said Rick Rempel, vice-president of marketing for Western Canada with Agrico Canada Ltd. He said tight supply had contributed to the increase. “The supply of
News

Phosphorus Depletion An Ongoing Concern

The excess moisture that has plagued Manitoba’s Interlake forced Bragi Simundsson to cut back on his organic operation last year. “If you can’t cultivate for over a year, you’re pretty much beat trying to be organic,” says Simundsson, who had as many as six quarters of his 2,000-acre mixed grain farm near Arborg certified. Organic

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