Reading Time: < 1 minute British Columbia-based Infracon Construction, Inc., announced today it has purchased the shuttered Agrium phosphate mine in Kapuskasing, Ontario.
Construction firm to reopen Kapuskasing, Ont. phosphate mine
Mosaic expects Florida fertilizer facilities to return to full production soon
Reading Time: < 1 minute Fertilizer maker Mosaic Co said on Monday that its Florida facilities are expected to return to full production capacity over the coming days after being idled due to Hurricane Milton.
Hurricane unlikely to fuel long-term fertilizer price increase, analyst says
Reading Time: 2 minutes While the price of urea fertilizer has spiked at the Gulf of Mexico as Hurricane Milton bears down on Florida, that increase is unlikely to affect Canadian farmers much, said MarketsFarm analyst Bruce Burnett.
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
Mosaic misses profit estimates on lower prices of fertilizers
Farmers seen waiting on prices to stabilize
Reading Time: < 1 minute Reuters — Mosaic Co. on Wednesday missed Wall Street estimates for first-quarter profit on lower prices of potash and other crop fertilizers, even as the fertilizer maker sold higher volumes. Although prices of fertilizers such as phosphates and potash decreased during the reported quarter, it did not boost demand as farmers waited for pricing trends […] Read more
Mosaic misses profit estimate amid lower demand for fertilizers
Reading Time: < 1 minute Reuters — Mosaic Co. on Wednesday became the latest fertilizer maker to miss fourth-quarter profit estimates amid lower demand for potash and other crop fertilizers, pushing shares down 2.2 per cent in extended trading. Although prices of fertilizers such as phosphates and potash decreased toward the end of last year, it did not boost demand […] Read more
Nutrien bolsters profit forecast on surging fertilizer prices
Fertilizer sector set for biggest profits in years
Reading Time: 2 minutes Reuters — Nutrien Ltd. on Monday raised its full-year earnings forecast well above estimates after posting a more than 10-fold jump in first-quarter profit, as the world’s largest fertilizer company benefits strongly from soaring prices of crop nutrients. Prices of essential crop nutrients such as potash and phosphate skyrocketed in the quarter, touching near-record levels, […] Read more
Thunder Bay shipping season wraps up
Reading Time: 2 minutes 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 […] Read more
High fertilizer prices likely to climb more
Reading Time: 2 minutes MarketsFarm — Expect fertilizer prices to resume increasing, despite having fallen back recently. Prices began their sharp rise around the middle of December and beginning of January. “They will go higher as demand goes up at seeding time,” Mike Jubinville of MarketsFarm Pro in Winnipeg said. Jubinville reported urea prices have jumped $100 per tonne […] Read more
Port of Thunder Bay wraps up 21st-century-best year
Reading Time: < 1 minute MarketsFarm — The last vessel of the 2020-21 shipping season left the Port of Thunder Bay on Tuesday, wrapping up the busiest year at the port since 1997. Annual cargo volumes through came in at 10.2 million tonnes, which marked the first time the tonnage topped 10 million since 1997. A total of 9.3 million […] Read more
A message from April Stewart, Country Guide's Associate Editor
