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(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
(BHPBilliton.com)
Crops

BHP Billiton to cut 76 Sask. potash jobs

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Reuters — Anglo-Australian miner BHP Billiton will cut 76 jobs from its Canadian potash operations due to low commodity prices, a company spokesperson said on Friday. Work continues on sinking and lining shafts at BHP’s potash mine near Jansen, Sask., about 60 km southeast of Humboldt, according to the spokesperson. The mine would be the
(Photo courtesy Agrium)
Crops, Markets

Sask. seeks price protection in altering potash taxes

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Winnipeg | Reuters –– Potash-rich Saskatchewan hopes to revise its taxes on production of the crop fertilizer to avoid big revenue drops in years when prices sag, the Canadian province’s economy minister said Friday. Saskatchewan, home to mines operated by PotashCorp, Mosaic Co. and Agrium, is conducting its first full review in 10 years of

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