Reuters — Canadian fertilizer and farm retail dealer Agrium on Thursday reported quarterly profit jumped nearly nine per cent, as higher sales volumes and lower costs helped it buck the sector’s trend of weaker earnings. Weaker currencies in fertilizer-buying markets such as Brazil and India are weighing down prices, leading rivals PotashCorp and Mosaic Co. […] Read more
Agrium bucks fertilizer sector trend with Q3 profit
Slowdown in sales softens fertilizer market
CNS Canada — A lack of buying throughout North and South America has put fertilizer prices under pressure, but so far, no one is lining up to capitalize on the weakness, according to an industry watcher. “Farmers aren’t in the mood to buy fall fertilizer. I think they’re more uncertain this year than they normally […] Read more
Mosaic cuts potash output as demand slumps
Reuters — U.S. fertilizer company Mosaic Co. said Monday it would cut potash production and maintain its reduced phosphate output pace, lowering its outlook for sales. Delayed fertilizer purchases in Brazil and North America have weakened markets, along with volatile currency and equity markets and lower crop prices, Mosaic said in a statement after markets […] Read more
Fertilizer firm Mosaic forecasts bigger-than-expected Q4 profit
Reuters — U.S. fertilizer company Mosaic Co. on Monday estimated it would post a larger fourth-quarter profit than expected and surpassed its targets for phosphate sales. Mosaic, the world’s largest producer of finished phosphate products and North America’s second-biggest potash producer, said it expects to earn 93 to 98 cents per share in the quarter […] Read more
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