Agrium sells U.S. plants to ease Potash Corp merger concerns

Agrium sells U.S. plants to ease Potash Corp merger concerns

Winnipeg | Reuters – Canadian fertilizer producer and farm supplier Agrium Inc said on Tuesday it will sell its Idaho phosphate production facility for $100 million to fertilizer company Itafos, to address concerns of U.S. regulators about its merger with Potash Corp of Saskatchewan. Separately, Agrium will sell its North Bend, Ohio, nitric acid plant

Seeds Are Sown For Rally In Agricultural Stocks

Agricultural stocks could outperform the broad Canadian market in coming weeks as bearish crop forecasts and low grain inventories keep prices at record highs and spur increased fertilizer demand. Even with strong grain prices and a surge in crop nutrient prices, shares of Potash Corp., Agrium Inc. and Viterra have had a dismal run over


Farmers Rattled By $39-Billion Bid For Potash Corp. – for Aug. 26, 2010

The possible creation of a fertilizer giant between BHP Billiton’s and Potash Corp. has rattled U. S. and Canadian farmers who fear higher input costs if the $38.6-billion deal goes through. BHP Billiton’s acquisition offer was rejected by Canada’s Potash Corp. but the world’s largest fertilizer company said it might consider a more attractive proposition.

Russian Potash Firms Could Merge Too – for Aug. 26, 2010

There are many good reasons why the world fertilizer industry should consolidate. But the way two major Russian potash players have embarked on a probable merger is an illustration of why foreign investors should stay out of Russianstyle mergers and acquisitions. Suleiman Kerimov, a secretive oligarch known for often doing the Kremlin’s bidding, is in


Russians Still Set To Hold Potash Pricing Key – for Aug. 26, 2010

European producers will continue to set the tone for global potash pricing, even if BHP Billiton clinches a deal for Potash Corp. of Saskatchewan, the world’s biggest producer of the crop nutrient. Potash Corp. typically tailored its production to supporting prices. But in recent years the Belarussian Potash Company (BPC), the marketing arm of producers

After Hitting Bottom, Phosphate Fertilizer Prices To Rise

While investors have been obsessed with when demand for potash will rebound, another key crop nutrient has quietly pushed into the spotlight as tight supplies ratchet up prices. Phosphate is starting to command more investor attention as production outages have limited supplies of the crop nutrient and dragged down inventories. Though the crunch might not


BHP Plan Signals Major Shift In Potash Industry

“It’s been hard enough for juniors to find funding before this (BHP project),…” – CHARLES NEIVERT BHP Billiton’s plans to invest more money in its Saskatchewan potash project could weaken long-term pricing of the crop nutrient, threaten the viability of junior explorers and prove to be a game changer for the global fertilizer industry. The

Agrium Profit Down, But Gets Regulatory Ruling

Agrium Inc. reported a 93 per cent plunge in its quarterly profit Nov. 4, but the fertilizer maker and agricultural products retailer expects sales to rebound in 2010. Calgary, Alberta-based Agrium, which is locked in a lengthy battle to buy U. S. rival CF Industries, said the sharp decline in profit was due primarily to


Potash Prices Decline

Potash Corp. of Saskatchewan said Sept. 16 North American potash inventories declined for a second consecutive month, but inventories at the manufacturer level continue to remain well above average. Potash pricing also declined in August – the downward move in pricing was anticipated, as North American potash producers recently agreed to cut pricing on the

Fertilizer Companies Serve Up A Dose Of Frustration

Comments by fertilizer executives and others implying farmers are putting world food supplies “at risk” by not buying fertilizer inputs are extremely aggravating to their farm customers (see quotes from Bill Doyle in “As farmers cut back on fertilizer, the impact could reverberate far beyond Potash Corp.’s bottom line,” The Globe & Mail, April 24,