Potash Inventory has been building up in the industry even though the producers have been shutting down mines. The chance that the Potash Corporation will meet its guidance for the year is remote. Analyst Amir Adar of Harel said: The year 2009 is lost and the focus now is on trying to prevent potash prices [...]
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
The decline in potash prices has been less notable, dropping from a little over $900 per ton to slightly over $800. For full story, click here
After increasing for six consecutive years, U.S. fertilizer prices are finally beginning to fall at the wholesale level, according to a report by the American Farm Bureau Federation. For full story, click here
Potash Corp. of Saskatchewan Inc. , the world’s largest producer of potash may fall. For full story, click here
Israel Chemicals will also attract attention after stocks of largest fertilizers company Potash, which owns 11% of Israel Chemicals, fell 12.8%. For full story, click here
The fallingg stock price of Canadian fertilizer maker Potash Corp. of Saskatchewan Inc. is at centre stage in a wrongful dismissal lawsuit filed against a New York hedge fund operator. For full story, click here
Potash prices rise, despite decline in the Metals & Minerals Index, which lost lost 9.7 % since the July 2008. According to a report: Average spot potash prices (FOB Vancouver) climbed from US$802.50 per tonne in August to a new record of US$862.50 in September and were stable in mid-October at about US$865 (at US$1,000 cfr [...]
Few commodities have been able to weather the storm. Gold declined about 30% from its highs in early 2008, but one of the strongest has been potash. For full story, click here
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