We're not there yet. Potash Corp., the world's largest potash producer and the second and third largest producer of nitrogen and phosphate, three key crop nutrients, presented poor quarterly results this week. For this industry, weak results in Q3 means 2009 is a write-off and most hope fertilizer buyers will come off the sidelines next year. who can entirely blame the farmers? The price of potash remained at very low levels for decades and farmers grew comfortable with affordable, predictable fertilizer prices. When global demand for nutrients skyrocketed last year, fertilizer producers took full advantage and the price climbed to $1,000 (US) per tonne. As a result, last year's predicament provided exceptional value to investors and shareholders, but little to farmers.
It's impressions like the view from Riding Mountain Guest Ranch, located just south of the national park, that make their mark. For operators Jim and Candy Irwin, that view is the harvest. Visitors come from around the world to observe and photograph the area's abundant flora and fauna. Or the deep -- mining the world's largest potash deposit lying 3,100 feet below the surface near Esterhazy, Sask., to produce fertilizer. Or the difficult decisions ranchers such as Tom Kieper at Russell must make every day as he deliberates whether the vet bills associated with saving a sick calf can be justified by current cattle prices. Tour participants were given glimpses of how nature's wrath can wreak havoc on an operation's ability to function on a day-to-day basis.
... Canada declined to approve the takeover of Potash Corporation of Saskatchewan ("PotashCorp") by BHP ... is a mineral and the key ingredient in fertilizer. With food shortages globally, it is expected to b...
The world's biggest producer of crop nutrients said its April-June sales almost doubled over a year ago, to $2.62 billion from $1.35 billion, which "reflects rising global fertilizer demand and the impact of significantly higher prices for potash, nitrogen and phosphate products. PotashCorp, which recently announced a $250-per-ton price increase for potash in North America, is "in a sold-out volume position and will continue to ship to North American and offshore customers on an allocation basis" for the rest of the year. We are now downgrading both stocks due to rising fertilizer demand destruction risks as fertilizer prices soar and food prices recede," [Sam Kanes] wrote in a note to clients.
Global grain reserves are "precarious" at only 1.7 months of consumption, Bill Doyle told a conference call after PotashCorp reported a fourth consecutive record annual performance. Countries have consistently drawn from long-held inventories to meet their food demand. This has masked the grain deficit for many years and kept crop and food prices artificially low. That can't continue," Doyle said. In the fertilizer sector, "supply is very tight, especially in potash," Doyle said, and despite record production PotashCorp's inventories closed 2007 at the second-lowest level since 1991.
Potash Corp. of Saskatchewan's (TSX:POT) stock plunged nearly 13 per cent Tuesday as the fertilizer giant was sideswiped by a mass commodities selloff on the Toronto Stock Exchange.
This spring, dry phosphorus fertilizer is nearly double the cost of what it was a year ago, while anhydrous ammonia -- a popular form of nitrogen fertilizer -- is up 10 per cent this spring after doubling in price last year, according to Keystone Agricultural Producers, a Manitoba farm lobby group. Although there is a potential for some decent rewards this year, the risks to get those rewards are still pretty high. They're higher than they've ever been," said [Rob Brunel], a KAP vice president. "I would have to suggest that a lot of the price escalation is due primarily to the fact that there's only a handful of countries on the planet that are producing phosphate and mining potash," said Gordon Charlebois, director of sales and supplies for Westco, a Calgary-based distributor and manu...
... one of the world's biggest players in fertilizer is big, it is part something much, much bigger. C....
... withdrawn $40 billion takeover offer of Potash Corporation of Saskatchewan by BHP Billiton, 2010 ... resource of gold, copper, coal, fertilizer minerals or iron ore represented 88% of aggregate ...
We're very encouraged to see companies like Western Potash carrying out the potash drilling programs," John Fox, assistant deputy minister of Science, Technology, Energy and Mines, said. "Potash was originally discovered in Manitoba back in the 1950s, but more information still needs to be gathered in the exploratory phase to firm up what the potash resource looks like in Manitoba. [Patricio Varas] said a clear indication that new potash production may be in the offing is the fact that last month BHP Billiton made a $284 million offer to buy Anglo Potash, a Calgary exploration company with 1.5 million acres of exploration rights in Saskatchewan.
... exploration drilling for the important fertilizer component near Russell. Western Potash's property ...
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