GFM Network News


(Cia.gov)

India’s federal police probe bosses of two fertilizer companies

Large-scale nutrient purchases often known to sway spot prices

Mumbai | Reuters — Indian authorities have opened an investigation into the heads of two leading fertilizer importing companies, alleging they secured commissions from overseas suppliers for inflating the prices of crop nutrient purchases. The Central Bureau of Investigation (CBI), India’s top crimefighting agency, said late Wednesday it was investigating U.S. Awasthi, managing director of […] Read more

A mockup of IFFCO Canada’s proposed urea plant at Becancour, Que. (Guy Beauchesne graphic, IFFCOCan.com)

Quebec co-ops’ urea plant back on hold

Development of a major new nitrogen fertilizer plant in Quebec has returned to the back burner where it lived for much of the past year. The Canadian arm of the Indian Farmers Fertilizer Co-operative (IFFCO) and Quebec agrifood co-operative giant La Coop federee announced Monday they will again halt development work on their planned plant […] Read more


Co-ops put Que. urea plant plan on ‘pause’

Development work toward a major new nitrogen fertilizer plant in Quebec is on hold while its partners seek more investors to climb on board. IFFCO — the Indian Farmers Fertilizer Co-operative, one of India’s largest fertilizer makers — and Quebec agrifood co-operative giant La Coop federee said Tuesday they’ve suspended preparation of “preliminary plans and […] Read more