Reading Time: < 1 minute Reuters — Nutrien fell short of analysts’ estimates for third-quarter profit on Wednesday, as lower potash prices weighed on the world’s biggest fertilizer producer. Potash prices have been falling after shipments from Belarus and Russia resumed. These exports had been significantly restricted last year following Western sanctions imposed on Russia in response to its invasion […] Read more
Nutrien misses quarterly profit estimates as potash prices plummet
Fertilizer demand expected to rise in Q4
More affordability, usage of fertilizers in 2024, analyst says
Israel's fertilizer output normal for now
Reading Time: 2 minutes MarketsFarm — While global fertilizer prices were projected to be steady to higher in 2024, overall affordability is set to improve while usage will increase, according to one analyst. Samuel Taylor, a New York City-based farm inputs analyst for RaboResearch Food and AgriBusiness, delivered a presentation on the fertilizer market during the firm’s Fall Harvest […] Read more
U.N. held talks in Russia on Monday on grain, fertilizer exports
'Unimpeded access' sought for Ukrainian, Russian grain
Reading Time: 2 minutes United Nations | Reuters — Top United Nations trade official Rebeca Grynspan met with Russian officials in Moscow on Monday for talks aimed at enabling the “unimpeded access” to global markets for grain and fertilizer from Russia and Ukraine, a U.N. spokesperson said. U.N. aid chief Martin Griffiths also attended the meetings virtually, U.N. spokesperson […] Read more
Thunder Bay grain shipments up on year
Grain traffic contributes to increase in overall cargo handle
Reading Time: < 1 minute MarketsFarm — Grain shipments through the Port of Thunder Bay are running well ahead of the year-ago level, with 3.747 million tonnes of grain shipped through the port on the northern shores of Lake Superior as of Aug. 31. That was up by 1.1 million tonnes from the previous year’s pace, but slightly behind the […] Read more
Putin to meet Erdogan amid push to revive grain deal
Turkey, UN seek to revive grain deal; Russia discussing separate plan
Reading Time: 3 minutes Moscow | Reuters — Russian President Vladimir Putin will hold talks with Turkey’s Tayyip Erdogan on Monday in the Black Sea resort of Sochi as Ankara and the United Nations seek to revive a Ukraine grain export deal that helped ease a global food crisis. Russia quit the deal in July — a year after […] Read more
Russia says will have talks with Turkey about alternative to Black Sea deal
Plan calls for Qatar's support to move Russian grain
Reading Time: < 1 minute Reuters — Russian Foreign Minister Sergei Lavrov and Turkish counterpart Hakan Fidan will discuss a proposal by Moscow for an alternative to the Black Sea grain deal when they meet this week, Lavrov’s ministry said Wednesday. Under the plan, Russia would send a million tons of grain to Turkey at a discounted price, with financial […] Read more
Nutrien to pause potash ramp up, ammonia project on falling prices
Potash prices have eased after the resumption of shipments from major supplier Belarus
Reading Time: < 1 minute Reuters – Nutrien NTR.TO on Wednesday decided to indefinitely pause its ramp-up plans for potash production and halt work on its clean ammonia project at Geismar, Louisiana, as the world’s biggest fertilizer producer grapples with falling prices. Its U.S.-listed shares fell 2.6% in extended trading as the company cited market conditions for stopping efforts to […] Read more
Russian diplomat accuses Ukraine of using Black Sea grain corridor for attacks
Russia says it's negotiating exports of food to countries most in need
Reading Time: 2 minutes Moscow | Reuters – Russian Deputy Foreign Minister Sergei Vershinin on Friday accused Ukraine of using a grain export corridor in the Black Sea to launch “terrorist attacks” against Russian interests, including one this week on the Crimean Bridge. Vershinin was addressing a briefing about Russia’s decision on Monday to quit the year-old Black Sea […] Read more
Black Sea grain deal expires after Russia quits
United Nations says the move would "strike a blow to people in need everywhere"
Reading Time: 3 minutes United Nations/Moscow | Reuters – A deal allowing the safe Black Sea export of Ukraine’s grain for the past year expired on Monday after Russia quit and warned it could not guarantee the safety of ships in a move the United Nations said would “strike a blow to people in need everywhere.” Moscow suggested that […] Read more
UN scrambles to save Black Sea deal ahead of Monday deadline
Russia says has not yet taken final decision
Reading Time: 3 minutes United Nations | Reuters — The European Commission is helping the United Nations and Turkey try to extend a deal allowing the Black Sea export of Ukraine grain and is open to “explore all solutions,” a European Union spokesperson said on Thursday, ahead of the deal’s possible expiration on Monday. The U.N. and Turkey brokered […] Read more
A message from April Stewart, Country Guide's Associate Editor
