The company’s shares have crashed as potash prices have tumbled and investors await a ruling on whether it has to pay an up to US$3 billion bill to the government following formation of a vast sinkhole at one of its mines. For full story, click here
Owners of Uralkali, once Russia’s fastest-rising potash miner and now awaiting a government ruling that may put the company, or controlling shareholder Dmitry Rybolovlev, out of business, are looking south to drought-hit China for a possible reprieve. For full story, click here
Though U.S. nominal prices of nitrogen, phosphate, and potash fertilizers, among others, began trending upward as early as 2002, they increased sharply and reached historic highs in mid-2008. For full story, click here
During 2007 and 2008, farmers saw a rapid runup in fertilizer prices to record highs, followed by lower prices in late 2008. The significant ups and downs of the market in 2008 can serve as a textbook example of supply-and-demand analysis in price determination. For full story, click here
Potash prices have held steady as Mosaic, Potash Corp. of Saskatchewan and other producers reduced output. For full story, click here
Even if U.S. phosphate and potash usage decline by as much as 10 percent from last year, as Prokopanko said he expects, peak spring demand may strain railroad transportation and storage capacity. For full story, click here
Farmers delayed fertilizer purchases in the second half of last year amid speculation that prices would continue declining while Mosaic and other producers curtailed output. For full story, click here
Mosaic Co. said U.S. farm retailers’ fertilizer stockpiles swelled up so much after six months of slow sales that shippers have idled trains and producers may not be able to meet demand fast enough when growers start buying. For full story, click here
The Potash industry is expected to be supply-challenged for at least the next five years as demand continues to rise globally. For full story, click here
Given potash price resistance, potash prices and share prices of companies that provide exposure to them have recently been on the rise. For full story, click here
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