Reuters — Canada’s Nutrien Ltd., the world’s largest potash fertilizer producer, named Ken Seitz as chief executive on Monday, removing the interim tag. Nutrien in January surprised investors by replacing its CEO for the second time in eight months. It then named Seitz, the head of its potash business, as interim CEO, replacing Mayo Schmidt. […] Read more
Nutrien’s interim CEO named CEO
Seitz sees 'a lot of uncertainty' continuing in market
Mosaic sees fertilizer demand supported by tight crop supplies into 2023
Reuters – Mosaic Co MOS.N said on Monday it expects tight grain and oilseed markets into 2023, encouraging the continued use of fertilizers despite their surging costs. “The war in Ukraine, high temperatures in North America and Europe, and developing drought conditions in parts of South America highlight the risk for reduced yields globally,” Mosaic said. […] Read more
Direct compensation for fertilizer tariffs not on table
Eastern farm groups call for help ahead of fall seeding
Farmers in Eastern Canada who rely on imports of Russian-made fertilizers aren’t going to see direct compensation for the federal government’s general tariff on those products. A clutch of farmer and ag industry groups on July 15 put forward a new request to Ottawa for compensation to farmers “negatively impacted” by a 35 per cent […] Read more
Deal to resume Ukraine Black Sea grain exports to be signed Friday
Istanbul/United Nations | Reuters — Ukraine, Russia, Turkey and U.N. Secretary-General Antonio Guterres will sign a deal on Friday to resume Ukraine’s Black Sea grain exports, Turkish President Tayyip Erdogan’s office said Thursday. Russia and Ukraine are both major global wheat suppliers, but Moscow’s Feb. 24 invasion of its neighbour has sent food prices soaring […] Read more
As Ukraine grain deal emerges, U.S. aims to ease concerns over Russia sanctions
Washington | Reuters –– The United States on Thursday sought to facilitate Russian food and fertilizer exports by reassuring banks, shipping and insurance companies that such transactions would not breach Washington’s sanctions on Moscow over its invasion of Ukraine. Enabling those Russian exports is a key part of attempts by the United Nations and Turkish […] Read more
Rajapaksa dynasty draws to humiliating close in Sri Lanka
Food shortages, fertilizer ban among flashpoints
Colombo | Reuters — The Rajapaksa dynasty dominated Sri Lankan politics until April when street protests against fuel and food shortages began to slip out of control. President Gotabaya Rajapaksa fled the country early on Wednesday, leaving no one from the once-illustrious family in a position of power. The president vowed last month to stay […] Read more
STICKER SHOCK: Plant 2022 has been unlike any other, say farmers
The sky-high prices are bad enough, but availability issues are also upping the stress levels for many
Reading Time: 4 minutes They’re calling it the most expensive crop that Alberta farmers have ever planted. But the skyrocketing price of fertilizer, fuel, herbicides and other inputs isn’t the only worry. Lately it’s often been about getting your hands on products you’ve paid an arm and a leg for. Clint Jacula thought he had the bases covered. He […] Read more
Thunder Bay grain exports picking up
MarketsFarm — Grain movement through the Port of Thunder Bay picked up in June, although total grain exports through the facility on the north shore of Lake Superior remain well off the year-ago level. A total of 625,741 tonnes of grain were shipped during the month, marking the first time of the season that grain […] Read more
WTO strikes global trade deals deep into overtime
Deals reached on food security, health and fishing; formerly defiant India joins consensus
Geneva | Reuters — The World Trade Organization’s 164 members approved a series of trade agreements early on Friday that included commitments on fish and pledges on health and food security after more than five gruelling days of negotiations. The deals were ground out over five days of bargaining at a conference of more than […] Read more
Turkey says Ukraine grain ships could avoid mines
Russia offers safe passage
Ankara/United Nations | Reuters — Russia on Wednesday said it has offered “safe passage” for Ukraine grain shipments from Black Sea ports but is not responsible for establishing the corridors and Turkey suggested that ships could be guided around sea mines. Ukrainian grain shipments have stalled since Russia’s invasion and ports blockade, stoking global prices […] Read more
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