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Vale Buys Mosaic’s Brazil Fertilizer Assets

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Brazilian mining giant Vale obtained an option Feb. 11 to acquire the bulk of Mosaic’s fertilizer interests in Brazil, a move that will further expand its asset base in the sector. In a deal that could rake in more than $1 billion for Mosaic when completed, the U. S. fertilizer maker has given Vale an
Crops, Oilseeds

Cheaper Fertilizer Spells Relief For U. S. Farmers

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U. S. farmers who have faced lower selling prices for corn and soybeans this year should see some relief when they plant crops this spring as fertilizer prices have fallen as much as 60 per cent from the record highs of October 2008. Nitrogen, phosphate and potash – the three essential crop nutrients – have
Crops

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
Crops

BHP Plan Signals Major Shift In Potash Industry

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“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
Opinion

Potash prices plunder potential production

During the years 2000 to 2007, the price for potash fertilizer averaged out at $145 per tonne. In 2008, world grain prices increased dramatically due to expected or actual food shortages in the world. Almost simultaneously, potash prices rose over 400 per cent to an average of $643 per tonne. During 2009, potash fertilizer remained
Opinion

Potash “Oligopoly” May Crack In Longer Term

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“The oligopoly’s discipline has formed the backbone for the group’s valuation.” – DAHLMAN ROSE AND CO. REPORT Amajor U. S. investment bank following the potash sector sees a “ratcheting up” in the sector’s risk profile that may suggest a possible shift in market competition in the longer term. In a recent report on its longer-term
Crops

Mosaic Sees Potash Sales Rising In 2010

Fertilizer producer Mosaic Co. said Jan. 6 it expects shipments of potash to increase in 2010 following dismal demand for the crop nutrient in 2009. The company expects global potash shipments of 47 million tonnes to 50 million tonnes in 2010, compared with global sales of about 32 million tonnes in 2009, a company executive
News

Potash Slump Hits Saskatchewan

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Potash sales in Saskatchewan, one of the world’s richest sources of the crop nutrient, have dropped to their lowest level in 37 years, punching a $1.8-billion hole in the province’s budget. Saskatchewan was expecting $1.9 billion in potash revenue when it set its 2009-10 budget in March, but slashed that estimate to $637.6 million in
Crops

Agrium Profit Down, But Gets Regulatory Ruling

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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
News

Fertilizer Demand Expected To Grow

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It will take both higher fertilizer and crop prices if the world is to meet the growing demand for food and fuel, says a British expert on international prices and markets for nitrogen, potash and phosphorus. Barrie Bain, director of Fertecon, said the fertilizer industry needs prosperous farmers if it’s going to be profitable. “The

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