By Leia Michele Toovey- Exclusive to Potash Investing News. Fertilizer prices are finally falling, but not enough to coax farmers into big purchases for the spring planting. The worldwide financial crisis has them rationing their use of stored inventory. The steep decrease in crop prices have left farmers with less money to purchase fertilizer, shifting [...]
By Leia Michele Toovey- Exclusive to Potash Investing News. If there was a bright spot in the commodities market in 2008, it would have to be Potash. Potash prices are up significantly compared to last year, and despite an expected short-term credit crunch, the long-term outlook is for growing demand. Potash companies have been under [...]
By Leia Michele Toovey- Exclusive to Potash Investing News Potash Corp shares rose 3 per cent to $85.99 on the Toronto Stock Exchange on Thursday after the company said it earned more in the third quarter than it did in all of 2007, its record year. Profits climbed five-fold to $1.24 billion, or $3.93 per [...]
By Leia Michele Toovey- Exclusive to Potash Investing News Potash managed to remain the star performer through September while oil and agricultural futures were battered, but just how is potash holding up in the current climate? In September potash prices reached a record of $862.50 US per tonne, and through October prices have been relatively stable [...]
By Daniella D’Alimonte – Exclusive to Potash Investing News Brokerages UBS and Scotia Capital have both recently cut their price targets on fertilizer giants Potash Corp. of Saskatchewan (TSX: POT) and Agrium Inc. (TSX: AGU). These cuts are based on the reduced price tags on potash, diammonium phosphate, and urea fertilizers. USB cut its price [...]
By Daniella D’Alimonte – Exclusive to Potash Investing News Potash Corp. of Saskatchewan (TSX: POT) closed at US$187.71 on August 26, up US$1.61 or 0.9 per cent from the previous day’s close. There was other good news from this company. It’s management has decided to re-open the Allan mine. The latter is the largest of the three company’s mines that [...]
A global fertilizer crisis due to high oil prices and the US rush to biofuel crops is declining the harvests of the world’s poorest farmers. Dr Balu Bumb, policy leader at the International centre for Soil Fertility and Agricultural Development (IFDC) in the US, said: Of the three main types, diammonium phosphate (Dap) sold for US [...]
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