A lot has changed in the phosphate market recently, but in a way, nothing has changed, says an analyst. Earlier this month the U.S. Department of Commerce announced it was slashing import duties on product from Morocco. The duties were lowered to 2.12 percent from 19.97 percent, providing an incentive for Moroccan phosphate producer OCP […] Read more
Tag Archives fertilizer — page 10
Fertilizer plant opens in Sask.
AGT Soileos, a partnership between Lucent Bio and AGT Foods, held a grand opening Oct. 11 for its inaugural sustainable fertilizer production facility at Rosetown, Sask. The plant manufactures Soileos, which are micronutrient fertilizers made from agricultural co-products such as peas, lentils and oat hulls. The newly refurbished manufacturing facility was once a grain processing […] Read more
Gaza war disrupts operations at fertilizer maker
Israeli-based ADAMA finds its workforce in turmoil following Hamas attacks on the country and the eruption of war
Fertilizer manufacturer ADAMA’s main production plants in Israel have been shut down before by rocket strikes from the Gaza Strip, but this month’s attack was different. “I think what’s unique about this is the scale of the attacks and the scale of the subsequent conflict,” said ADAMA Canada general manager Cornie Thiessen, who visited the […] Read more
Fertilizer prices to follow downward trend
Farm Credit Canada expects fertilizer prices to remain under pressure into early 2024. Prices have been falling since reaching record highs in 2022 as the world faced supply issues following Russia’s invasion of Ukraine. FCC senior economist Leigh Anderson thinks the recent downward trend will continue for the first part of 2024 and then recover […] Read more
Fertilizer prices could fall
Farm Credit Canada expects fertilizer prices to remain under pressure into early 2024. Prices have been falling since reaching record highs in 2022 as the world faced supply issues following Russia’s invasion of Ukraine. FCC senior economist Leigh Anderson thinks the recent downward trend will continue for the first part of 2024 and then recover […] Read more
Looking ahead to the next growing season
It’s looking like an earlier than normal finish to harvest for most producers. While that means more time before the snow flies for an array of decisions, it doesn’t make those decisions any easier. Leading up to mid-September, canola prices dropped like a rock. Producers planning to sell some canola for cash flow when it […] Read more
Mosaic CEO to step down
Reuters — Fertilizer maker Mosaic’s James O’Rourke plans to step down from his position Dec. 31, ahead of his planned retirement next year, the company said on Aug. 29. Shares of the top U.S. phosphate maker fell 1.7 percent in extended trading following the news. Bruce Bodine, Mosaic’s senior vice-president of North America, is expected […] Read more
Project searches for the perfect fertilizer blend
Manitoba researchers study ESN and anhydrous blends on canola as a way to achieve profits and protect the environment
Grain farmers want to maximize profitability. That’s not exactly news. But increasingly, Canadian grain producers are under pressure to reduce the impact of fertilizer on the environment. Government and grain buyers are asking Canadian farmers to manage fertilizer more carefully to cut nitrogen losses and minimize greenhouse gas emissions from crop production. One possible solution, […] Read more
Nutrien not selling assets
WINNIPEG (Reuters) — Canadian potash producer Nutrien is not looking to sell assets to raise capital, chief executive officer Ken Seitz said, as falling fertilizer prices have caused it to scrap projects and trim costs. Nutrien said Aug. 2 that it would halt plans to expand potash production in Saskatchewan and end work on a […] Read more
Mosaic misses quarterly profit estimates on weak prices
(Reuters) — Fertilizer supplier Mosaic missed Wall Street estimates for quarterly profit on Aug. 1 as a decline in fertilizer prices dented its margins. Fertilizer prices continued their decline during the quarter, pressured by higher supplies as exports from top suppliers Belarus and Russia resumed, while the cost of key input materials such as natural […] Read more
