Paris | Reuters — Louis Dreyfus’ core earnings fell for a second year in 2016 amid a persistent high supply of crops, but the agricultural commodity trader said a revamp of operations should help results this year. Large inventories, low prices and limited volatility have curbed margins in the past two years for companies that […] Read more
Dreyfus sees recovery after two-year profit slide
Indian regulator warns on Agrium-PotashCorp merger
New Delhi | Reuters — India’s competition regulator said the proposed merger between Agrium and PotashCorp was likely to hurt competition, a government statement said Wednesday. The two Canadian fertilizer producers agreed to merge last September to navigate a severe industry slump by boosting efficiency and cutting costs. Neither Agrium nor PotashCorp have physical presence […] Read more
Wet spring hampers Prairie fertilizer timetable
CNS Canada — This week’s dump of snow in eastern Saskatchewan and western Manitoba will likely push back fieldwork and fertilizer applications on a lot of farms, according to one crop watcher. Keystone Agricultural Producers president Dan Mazier, speaking from a conference in the U.S., said only about 50 per cent of the normal amount […] Read more
B.C. police stop farmer clearing snowy street with Zamboni
Vancouver | Reuters — Police stopped a “well-intentioned” farmer on Vancouver Island on Monday night after he tried to clear a snowed-in neighbourhood street with a Zamboni, a vehicle for cleaning ice rinks and a fixture in arenas across Canada. Central Saanich police spokesman Dan Cottingham said on Tuesday the man told them he had […] Read more
Potash prices look lower for longer as competition overheats
Reuters — The deepest slump in a decade for the oversupplied potash fertilizer market may abate only slightly in 2017, major producers say, and could take years to correct due to the imminent startup of new mines. PotashCorp, the world’s biggest fertilizer producer, forecast a less profitable year on Thursday than analysts expected, and reported […] Read more
New tool for managing nutrient run-off
Free downloadable tool for assessing phosphorus run-off risk and creating a customized mitigation plan will be available this spring
Reading Time: 3 minutes As more and more farmers, politicians and laypeople are coming to understand, nutrient run-off from farm fields into waterways is a very big deal. When not managed properly, nutrients from fertilizer and manure make their way into creeks, lakes, dugouts, and other water bodies. But a new tool to help mitigate phosphorus run-off risk will […] Read more
Fertilizer prices ‘float along’ with eyes on China, corn
CNS Canada — It’s shaping up to be a typical winter season for fertilizer prices, according to an industry expert, but he cautions plant expansions in the U.S., corn acreage and the murky world of Chinese exports will all play a part in determining any price spikes in coming months. “We’re probably expecting a typical […] Read more
Saskatchewan government signs onto 4R fertilizer stewardship
The Saskatchewan government has agreed to work with Fertilizer Canada to promote adoption of fertilizer application practices using the 4R stewardship model. “Saskatchewan has long promoted 4R Nutrient Stewardship and many farmers have adopted it as best practice. This agreement will further that work, contributing to greater on-farm sustainability and environmental stewardship in Saskatchewan,” Agriculture […] Read more
Agrium posts quarterly loss
Reuters – Agrium, the Calgary-based fertilizer maker that’s in the midst of a merger with PotashCorp, reported a quarterly loss Nov. 3. The company reported a net loss from its operations of $52.2 million, or 39 cents a share in the third quarter, which ended Sept. 30. That’s compared to a net profit of $132.5 […] Read more
Mosaic looks to restart Saskatchewan potash mine
Reuters — U.S. fertilizer producer Mosaic Co. may need to restart its idled potash mine at Colonsay, Sask. next year, as international buyers work through inventories, the company said on Tuesday. Mosaic halted production in July at the mine, about 70 km southeast of Saskatoon, for the rest of 2016 due to low global potash […] Read more
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