Potash Archives - Page 6 of 24 - Manitoba Co-operator

Nutrien’s potash mine at Lanigan, Sask., about 100 km southeast of Saskatoon. (Nutrien.com)

Nutrien takes cautious potash approach as rival copes with sanctions

By GFM Network News, Rod Nickel February 18, 2022

Winnipeg | Reuters — Canada’s Nutrien, the world’s biggest fertilizer company, is bumping up potash production as sanctions restrict its rival in Belarus, but is holding off on bigger expansion, its interim CEO said on Thursday. Potash prices have climbed to decade highs as state-owned Belaruskali, the second-largest producer after Nutrien, copes with U.S. and

News

Kremlin says shipping Belarus potash via Russian ports being discussed

By Reuters February 14, 2022

Moscow is discussing the possibility of shipping Belarusian potash via Russian ports, the Kremlin spokesman Dmitry Peskov told reporters February 2. Sanctions-hit Belarus said it had diverted its potash shipments from Lithuania’s Klaipeda port to Russian ports after Vilnius decided to halt the use of its railway for Belarus exports of the crop nutrient. “This

File photo of Canpotex potash cars. (Dave Bedard photo)

Crops, Markets

Nutrien eyes potash production boost amid turmoil in Russia, Belarus

Idled Saskatchewan mines could be restarted

By GFM Network News, Polina Devitt, Rod Nickel February 1, 2022

Winnipeg | Reuters — Nutrien, the world’s biggest potash miner, could boost production by up to 29 per cent in coming years, depending on any sanctions facing rival producers in Russia and Belarus, the Canadian company’s interim CEO told Reuters. Prices of granular potash fertilizer are near 10-year highs in the United States and Brazil,

Keefer Terminal (foreground) at the Port of Thunder Bay. (PortOfThunderBay.ca)

Crops, Other

Thunder Bay shipping season wraps up

By GFM Network News, Marketsfarm January 15, 2022

MarketsFarm — The last vessel of the shipping season will depart the Port of Thunder Bay on Friday. Grain handling volumes were down on the year, but increases in other categories helped limit the overall reduction in movement through the northern Lake Superior port. The 2021 navigation season will come to a close with the

Crops, Other

Yara to stop buying potash from Belarus due to sanctions

Fertilizer firm buys 10-15 per cent of country's potash output

By GFM Network News, Terje Solsvik January 10, 2022

Oslo | Reuters — Norwegian fertilizer maker Yara said on Monday it will wind down purchases of potash from Belarus by April 1 as international sanctions made it impossible to continue the trade. Yara estimates that it buys 10-15 per cent of the annual output of state-owned Belaruskali, one of the world’s largest producers of

Potash prices in China, the world’s largest consumer, are also high despite the recent release of some of that country’s potash reserve.

Markets, News

Potash importers brace for prolonged price rally after sanctions on Belarus

Prices are already at a 13-year high and U.S. sanctions will likely fuel further rises

By Polina Devitt, Rajendra Jadhav, Roberto Samora January 8, 2022

Reuters – Global potash prices are set for an extended rally after the United States imposed sanctions on major supplier Belarus Potash Company (BPC), piling more pressure on farmers and consumers already facing rocketing costs and a global economy navigating rising food inflation. Prices were already at 13-year highs before the U.S. move on Dec.

Mayo Schmidt, shown here speaking in Winnipeg in 2007, has “left his position” as Nutrien’s CEO and resigned from its board, the company said Jan. 4. (Dave Bedard file photo)

Crops

Nutrien makes surprise CEO switch again despite strong profits

Abrupt change 'mighty perplexing' to analysts

By GFM Network News, Rod Nickel January 4, 2022

Reuters — Canada’s Nutrien, the world’s biggest fertilizer producer by capacity, surprised investors by replacing its chief executive on Tuesday for the second time in eight months, even as the company rakes in strong profits. Nutrien said in a statement it named Ken Seitz, the head of its potash business, as interim chief executive after

Crops

Farmers ask U.S. Justice Department to probe fertilizer price spikes

By GFM Network News December 9, 2021

Reuters — Farmers have asked the U.S. Department of Justice to investigate whether recent spikes in fertilizer prices are attributable to market manipulation by fertilizer companies, according to a letter sent Wednesday by the Family Farm Action Alliance. The group, which has more than 6,000 farmer and rural members, alleges fertilizer companies are setting prices

Crops, Markets, Other

‘Perfect storm’ causes fertilizer price spikes

'Most of us are in a "wait-and-see" position'

By Adam Peleshaty, GFM Network News September 27, 2021

MarketsFarm — Fertilizer prices have increased over the past year, but could be headed even higher as a recent confluence of events has caused a shortage — the effects of which may affect producers past the New Year. “Particularly, in the last few weeks, there have been a number of supply events which have really

Crops, Markets

China to release potash reserves

Move said to be intended to ensure supply, stabilize prices

By GFM Network News, Reuters September 22, 2021

Beijing | Reuters –– China’s state planner on Wednesday said the government would take measures to keep supply and prices of fertilizers stable, including releasing potash fertilizer reserves and ensuring imports reach farmers as it looks to bolster food security. The National Development and Reform Commission (NDRC) said it was one of 13 government departments

Daily Network News

U.S. livestock: Hogs, cattle fall

U.S. grains: Wheat sets fresh eight-week low as ample global supply continues to weigh

Larger Canadian canola and wheat ending stocks expected

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