China, the world’s leading consumer of potash, may seek lower prices for the fertilizer than India secured from suppliers in Russia, the Middle East and Canada, because of slack domestic demand and high stockpiles. For full story, click here
Allana Resources declared the signing of a memorandum of understanding setting out the principle terms and conditions of a joint venture between Allana and one of the largest government-owned exploration and development organizations in China with respect to the financing of exploration works, feasibility study, construction of a solution mine and processing plant and production [...]
Allana Resources (CVE:AAA) annouced that they have signed an MOU with a government owned company in China to jointly develop Allana’s potash project in Ethiopia. While not naming the Chinese company, the release says that the terms include a $4.5m investment to purchase just under 20% of Allana. Farhad Abasov, Allana’s president and CEO is [...]
Potash Corp. of Saskatchewan declared that it may resort to selling fertilizer to China on the spot market instead of negotiating a long-term contract if the two sides can’t renew a three-year supply deal that expires soon. For full story, click here
Potash Corp. of Saskatchewan POT-T declared that it may resort to selling fertilizer to China on the spot market instead of negotiating a long-term contract if the two sides can’t renew a three-year supply deal that expires soon. For full story, click here
China Agritech, Inc., a leading national organic fertilizer manufacturer and distributor in China, declared that it has entered into a 6-year marketing and distribution agreement with Odyssey International Group Ltd., a Hong Kong corporation. For full story, click here
Potash Corp. of Saskatchewan Inc., the world’s leading producer of its namesake crop nutrient, will continue to curtail output until demand from China increases. For full story, click here
China’s leading potash producer Qinghai Salt Lake Co., Ltd. announced that it will cut its ex-factory price of potash fertilizer by about 10 percent from its average sales price of 3,670 yuan/ton in 2008. For full story, click here
In the global marketplace for potash, one of the vital nutrients for plant growth, food production and fertilizer fortunes, no one is sharper at spotting a bargain than China, whose farmers and state fertilizer distributors comprise the world’s largest consumers and importers of potash. For full story, click here
According to the latest data form the Fertilizer Institute, potash inventories at North American producers are 42 per cent higher than the previous five-year average. North American potash shipments in the month of February were down 80 per cent from the same month period a year earlier. This data has prompted Potash Corp of Saskatchewan [...]
Friday, July 31, 2009