NEW YORK (Reuters) — Sales of agricultural inputs such as fertilizers and crop care products have been near normal in the United States despite lower grain prices, while they are not as good in South America, according to agricultural input producers. Executives from companies such as Mosaic, Bayer AG and Corteva said during last week’s […] Read more
Tag Archives potash — page 2
Railway workers at CN, CPKC vote to strike, says union
REUTERS – Thousands of railway workers in Canada at Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) have voted overwhelmingly to strike as early as May 22, the union said today. Railways are critical to Canada’s economy, due to its vast geography and exports of grain, potash and coal. Related story: Railway strike […] Read more
Broken rail leads to derailment
REGINA — A broken rail that derailed a potash train near Silton, Sask., in 2021 had not been detected shortly before the accident. The Transportation Safety Board of Canada said testing on the Canadian Pacific Railway line had actually exceeded regulatory requirements but didn’t pick up the problem. The train was hauling 200 freight cars […] Read more
Mosaic profit falls
REUTERS —Mosaic Co. posted a lower fourth-quarter profit late last month as declining fertilizer prices dented margins and said it will curtail potash production at its mine near Colonsay, Sask. The company said potash prices plunged to $243 per tonne in the October-December quarter from $581 per tonne a year earlier, when prices soared due […] Read more
Nutrien profit takes hit as potash prices fall
REUTERS — Nutrien fell short of analysts’ estimates for third-quarter profit, 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 of Ukraine. […] 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
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
Brazil Potash, Amaggi sign agreements for Amazon mines
SAO PAULO, (Reuters) - Toronto-based Brazil Potash and Brazilian farm conglomerate Amaggi have signed agreements aimed at the purchase, sale and shipping of 2.4 million tonnes of potash that the Canadian company plans to mine in the Amazon, according to a joint statement on Monday. Under the agreements, Amaggi will be legally required to buy 500,000 tonnes […] Read more
Canada to invest millions to cut emissions at BHP potash mine
OTTAWA, June 12 (Reuters) – Canada will announce a multi-million dollar investment on Monday to make the Jansen potash mine run by the globe’s largest listed miner, BHP Group, “the cleanest and most sustainable in the world,” a government source said on Sunday. Industry Minister François-Philippe Champagne and Agriculture Minister Marie-Claude Bibeau are scheduled to […] Read more
