Reading Time: 2 minutes Reuters — PotashCorp has forecast its bleakest year in a decade and slashed its dividend, due to tanking fertilizer prices. Shares of PotashCorp, which also reported lower-than-expected quarterly profit on Thursday, bounced off earlier losses, climbing 1.9 per cent in New York by afternoon. On Monday they tumbled to a nine-year low. Potash prices have […] Read more
PotashCorp forecasts bleak year ahead
Slowdown in sales softens fertilizer market
Reading Time: 2 minutes CNS Canada — A lack of buying throughout North and South America has put fertilizer prices under pressure, but so far, no one is lining up to capitalize on the weakness, according to an industry watcher. “Farmers aren’t in the mood to buy fall fertilizer. I think they’re more uncertain this year than they normally […] Read more
Mosaic cuts potash output as demand slumps
Reading Time: < 1 minute Reuters — U.S. fertilizer company Mosaic Co. said Monday it would cut potash production and maintain its reduced phosphate output pace, lowering its outlook for sales. Delayed fertilizer purchases in Brazil and North America have weakened markets, along with volatile currency and equity markets and lower crop prices, Mosaic said in a statement after markets […] Read more
Spring run on fertilizer creates challenges
Reading Time: 2 minutes CNS Canada — Seasonal challenges are popping up for fertilizer users this spring, according to the president of Manitoba’s Keystone Agricultural Producers — but Dan Mazier says they’re not your typical ones. “The supply seems to be all right; definitely anhydrous ammonia is available,” he said. However, he’s heard some reports that this year’s phosphate […] Read more
U.S. farmers seen cutting back on pricey fertilizers
Reading Time: 2 minutes Chicago | Reuters — U.S. farmers will likely use less nitrogen fertilizer this season with the cost sky-high even though the price of natural gas, the key ingredient to make it, is down 40 per cent from last year. The reduction in usage should hit corn plantings more than other crops, since nitrogen is the […] Read more
Fertilizer prices stray away from corn influence: Analyst
Reading Time: 2 minutes CNS Canada — Foreign exports and transportation look like they could be the main issues facing the fertilizer industry in 2015. Countries such as Ukraine, Russia and Belarus are busy players on the market, with Morocco also ramping up production. As a result, more supplies of phosphates and other fertilizers are out there, according to […] Read more
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