Reading Time: 2 minutes Reuters — The U.S. Department of Commerce said Tuesday it would set preliminary duties on phosphate fertilizer imports from Russia and Morocco, after launching an investigation to determine if producers in these countries were receiving unfair subsidies. The department set preliminary duties of 23.46 per cent on imports from Morocco’s OCP Group and other producers […] Read more
U.S. puts duties on phosphate from Morocco, Russia
Nutrien merger’s effects ongoing a year later
Reading Time: 3 minutes CNS Canada — After clearing their regulatory hurdles, Canada’s Agrium and PotashCorp merged at the start of 2018 to become the world’s largest fertilizer company, Nutrien. The partner companies had made various promises at the time and many in Western Canada were cautious, hoping for the best but not fully knowing what to expect. A […] Read more
Global fertilizer market prices vary
Reading Time: 3 minutes CNS Canada — A mixed bag for fertilizer prices is expected over the next few months, as some continue to increase while others should drop, according to an analyst. “The fertilizer market has remained pretty firm over the past six months… we had kind of anticipated some declines across all the different nutrients, (but) they’ve […] Read more
Global fertilizer prices set to fall
Reading Time: 2 minutes CNS Canada — Global fertilizer demand has been higher, leading to increased prices, but with more capacity coming online prices should start to fall, according to an analyst. “Urea prices globally have moved a little higher over the past few months. They’ve been relatively volatile, that’s just kind of a function of some better than […] Read more
Nutrien sees demand growth cooling, margins shrinking
Reading Time: < 1 minute Reuters — Nutrien, the Canadian fertilizer and farm supply dealer created from the merger of Agrium and PotashCorp this year, said it expected demand growth for potash in China and India to cool down in 2018. Nutrien, the world’s biggest fertilizer company by capacity, also said higher input costs would shrink nitrogen and phosphate margins. […] Read more
Nitrogen looking cheap across Prairies
Reading Time: < 1 minute CNS Canada — Farmers in Manitoba may be looking to fill up on nitrogen fertilizer this fall as prices reach lows not seen in over a decade. “One retailer I talked to said it was the cheapest nitrogen prices in 15 years,” according to Dan Mazier, president of Keystone Agricultural Producers. Prices also seem to […] Read more
Canada’s antitrust watchdog clears Nutrien merger
Reading Time: 3 minutes Canada’s Competition Bureau will put up no reasons why PotashCorp and Agrium shouldn’t be joined in Nutrien. The federal antitrust regulator on Monday issued a “no action” letter on the all-stock merger-of-equals that Saskatoon’s PotashCorp and Calgary’s Agrium proposed in September last year. The two companies, when merged, are to be headquartered in Saskatoon under […] Read more
Mosaic shares tumble on disappointing fertilizer guidance
Reading Time: 2 minutes Reuters – U.S. fertilizer producer Mosaic Co on Tuesday forecast slower phosphate sales and weaker prices for the current quarter, causing shares to plunge as much as 9 percent. The Minnesota-based company predicted third-quarter phosphate sales of 2.2 million to 2.5 million tonnes, down from 2.6 million in the second quarter. Mosaic forecast third-quarter diammonium […] Read more
Water meeting safety standards after sinkhole leak, Mosaic says
Reading Time: 2 minutes Reuters — Testing of nine wells near a sinkhole at a Mosaic Co. fertilizer facility in Florida, site of a massive leak of contaminated water, shows that water meets safe drinking standards for radioactivity and damage has not spread beyond the site, the company said. A sinkhole 45 feet in diameter and 240 feet deep […] Read more
Sinkhole at Mosaic fertilizer site leaks radioactive water
Reading Time: 2 minutes Reuters — A sinkhole spanning 45 feet in diameter opened at a Mosaic Co. phosphate fertilizer facility in Florida, leaking 215 million gallons of “slightly radioactive water,” a company spokesman said Friday. Mosaic said the monitoring system at its New Wales facility at Mulberry, Florida, showed a decline in water levels on Aug. 27 from […] Read more
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