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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
(Karnalyte.com)
Crops

India backstops first phase of Sask. potash mine

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Winnipeg | Reuters — India’s Gujarat State Fertilizers and Chemicals has agreed to guarantee payments on US$700 million in debt to finance the first phase of Karnalyte Resources’ Saskatchewan potash mine project, Karnalyte said Monday, adding supply even as other miners cut production. Under the deal, a subsidiary of State Bank of India and other
(Dave Bedard photo)
Crops

PotashCorp to curb two Sask. mines’ production

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Reuters — PotashCorp said Thursday that it will curtail production at two Saskatchewan potash mines for four weeks, as excessive supplies pressure prices. The company said it would curtail output at its Allan and Lanigan mines, about 50 and 110 km southeast of Saskatoon respectively, for four weeks starting March 20. The move is expected
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

PotashCorp forecasts bleak year ahead

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Reuters — PotashCorp has forecast its bleakest year in a decade and slashed its dividend, due to tanking fertilizer prices. Shares of PotashCorp, which also reported lower-than-expected quarterly profit on Thursday, bounced off earlier losses, climbing 1.9 per cent in New York by afternoon. On Monday they tumbled to a nine-year low. Potash prices have
(Photo courtesy Agrium)
Crops

Chinese group eyes indirect stake in Chile’s SQM

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Santiago | Reuters — China’s CITIC CLSA Capital Markets will participate in the process to buy an indirect stake in Chilean crop nutrition and industrial chemical firm SQM, one of the world’s top lithium producers, the holding company selling the stake said Monday. Holding company Oro Blanco said in a filing with Chile’s securities regulator

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