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Crops

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
Crops

PotashCorp Profits Tumble

While its quarterly profits drop from previous record highs, the world’s biggest fertilizer player by capacity says it “will continue to be a patient company” and wait out farmers’ pent-up demand. Potash Corporation of Saskatchewan (PotashCorp) on July 23 posted net income of $187.1 million on $856 million in sales (all figures US$) for its
Opinion

Fertilizer Companies Serve Up A Dose Of Frustration

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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,
Crops

PotashCorp Deepens Production Cuts

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PotashCorp of Saskatchewan said May 20 it intends to curtail 2009 potash production by an additional 400,000 tonnes in a bid to cope with the sharp decline in demand for the crop nutrient. The Saskatoon-based producer said the new round of production cuts will bring the total reductions in production to 3.9 million tonnes year
Crops

Agrium Drops To First-Quarter Loss

A drop in potash demand and tighter retail margins have led Agrium’s run of record quarterly profits into the red. The Calgary-based fertilizer and farm retail firm on May 6 posted a net loss of $60 million on net sales of $1.75 billion, down from its 2008 Q1 profit of $195 million on $1.11 billion
News

Fertilizer Industry Defends Its Pricing

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After weeks of hearing farm groups complain about high input costs, members of the Commons agriculture committee weren’t sympathetic to statements that fertilizer manufacturers face the same supply-and-demand pressure as farmers. Alberta Conservative Blake Richards told representatives of the Canadian Fertilizer Institute that fertilizer prices are an issue government and opposition MPs have heard lots
Cereals, Crops

New Broadleaf Weed Control Option In Durum

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Durum wheat growers now have access to the same great weed control that spring wheat and barley growers have come to expect from DuPont Triton K herbicide. Now registered for use on durum wheat, Triton K controls some of the toughest broadleaf weeds including Group 2-resistant kochia, narrow-leaved hawk’s beard, cow cockle, wild buckwheat, flixweed
Crops, Forages

Don’t Overlook That Special “K”

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“You have two options: you can buy potash, or you can buy alfalfa seed every three years.” – JOHN HEARD Many farmers think hauling in potash at $900 per tonne onto their fields is something like bringing very expensive coals to Newcastle. There’s some truth to that, because thanks to the feldspar and mica content
News

Agrium, PotashCorp Differ On China Price Talks

Fertilizer and farm retailer Agrium said Feb. 19 that Chinese potash price negotiations could stretch into July, two months longer than rival Canadian fertilizer producer PotashCorp of Saskatchewan is targeting. “I have dealt with the Chinese on other commodities. They are good at brinkmanship; they will hold right to the end. They could hold until
Cereals, News

PotashCorp profit jumps:

Saskatoon-based PotashCorp reported a fourth-quarter profit that more than doubled to $788 million last Thursday and its shares surged even though it issued weaker-than-expected forecasts for 2009. The world’s biggest fertilizer company said it sees 2009 potash shipments flat with 2008 or slightly lower even though it expects increased global demand in the second quarter.

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