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

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


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.

Potash miners ratify deal:

About 500 miners and processing workers at PotashCorp’s Allan, Cory and Patience Lake mines near Saskatoon, represented by the United Steelworkers, have approved a new three-year contract retroactive to May 1. Last Thursday’s vote ends a 99-day strike which by itself strengthened market fundamentals for potash producers, by limiting supplies. Workers get raises and other


Fertilizer prices falling, spring may be even cheaper

DON BOUSQUET It’s Your Business For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in Winnipeg closed the week ended Oct. 24 steady in barley and higher in canola in a volatile week as spreading global economic turmoil weighed on