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Crops, News

Canpotex signs China potash supply deal at discount

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Three North American potash producers have struck a six-month agreement to supply the crop nutrient to a subsidiary of China’s Sinofert Holdings Ltd. at a steep discount of US$70 per tonne from the last contract price. Canpotex Ltd., the offshore sales agency for PotashCorp of Saskatchewan, Mosaic Co. and Agrium Inc. — said on Dec.
News

Agrium profit, outlook slump on lower potash sales

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Agrium shares slumped seven per cent after it reported a 56 per cent drop in third-quarter profit on lower potash sales and offered a weaker-than-expected outlook for the fourth quarter. Downtime at Agrium’s Saskatchewan potash mine and drawn-out contract talks with China and India hurt third-quarter performance, CEO Mike Wilson said. The company’s stock had
Crops, News

Potash sales suffer as China and India stop buying

Reuters / PotashCorp of Saskatchewan’s third-quarter earnings fell 22 per cent as a standoff over new contracts led to a sharp drop in shipments to China and India, the world’s two biggest consumers of the company’s namesake crop nutrient. Overseas potash shipments by North American producers dropped by one-quarter to 1.9 million tonnes in the
Crops, News

BHP in no rush to build potash mine

Reuters / BHP Billiton says it won’t decide soon on whether to build the world’s biggest potash mine in Western Canada, a project some say would exacerbate a global glut of the fertilizer. In late August, BHP pushed back to at least June 2013 a decision on building an eight-million-tonne mine at Jansen, Sask., but
Cereals, Crops, News

Barley genome breakthrough may lead to better beer

London/Reuters – An international consortium of scientists has published a high resolution draft of the barley genome in a move that could not only improve yields and disease resistance, but may also hold the key to better beer. “This research will streamline efforts to improve barley production through breeding for improved varieties,” said Prof. Robbie
News

India fertilizer giant eyes Saskatchewan potash

winnipeg / reuters Western Potash Corp., a junior mining company looking to build a potash mine southeast of Regina, says it is talking about a joint venture with India’s Rashtriya Chemicals and Fertilizers, among others. It hopes to open the $2.5-billion Milestone mine by 2016 and eventually produce 2.8 million tonnes of potash annually. “We
News, Oilseeds, Poultry

Machinery dealers, meat packers likely to suffer

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While U.S. crops of corn and soybeans wilt in the worst U.S. drought in a half-century, winners and losers are emerging in the agriculture sector of the Toronto Stock Exchange. Shares of Agrium Inc. and PotashCorp of Saskatchewan are up 21 per cent and eight per cent since June 1, lagging far behind the spike
News, Opinion

Time to think about PR

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Perhaps one shouldn’t tempt fate by talking about a crop that isn’t in the bin yet. It won’t be a bumper for everyone, and let’s not forget those still struggling with the aftermath of last year’s flood, or those on the wrong side of the feed grain price equation. That said, there are some eye-popping
News

Mosaic to dial back potash production

Citing “lower near-term demand,” fertilizer giant Mosaic Co. has announced plans to cut back the output from its potash mines in Saskatchewan for the next four months. Mosaic, which in late December said it would also reduce its finished phosphate production until the end of March, said Feb. 3 it will reduce its planned potash
Crops, Grain Markets

Fertilizer demand rises again

Paris / Reuters – World demand for fertilizers will rise again this season to hit a new record level, driven by growth in emerging economies and strong fundamentals in agricultural markets, the International Fertilizer Industry Association (IFA) said Jan. 5. Fertilizer demand, expressed as consumption of key nutrients nitrogen, phosphorus and potassium, should rise three per

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