Agrium’s third quarter profit jumped nearly nine percent to $99 million as higher sales volumes and lower costs helped it buck the sector’s trend of weaker earnings.
The fertilizer producer and farm input retailer said it benefited from higher wholesale sales volumes, although prices were lower.
Agrium is increasing potash production at its expanded western Canadian mine.
It has lowered operating costs and benefited from cheaper natural gas, a key ingredient in nitrogen fertilizer production.
