By Kishori Krishnan Exclusive To Potash Investing News
The global fertilizer industry looks to the world’s biggest potash producer for guidance, but with Potash Corp of Saskatchewan Inc turning up disappointing figures on Thursday, attention has turned to the continuing caution among buyers around the world.
The world’s largest mining company, BHP Billiton Ltd (BHP:AX), which has [...]
By Leia Michele Toovey- Exclusive to Potash Investing News
Potash miners have been accused of collusion; due to the fact that the big market players have formed a “silent agreement” in which they swiftly and jointly cut output to stabilize prices. This strategy has been met with mixed opinions. The companies say they are simply trying [...]
By Leia Michele Toovey- Exclusive to Potash Investing News
Potash prices have soared in recent years. What was once a commodity worth about $200 a tonne is now expected to fetch $1,500 by 2020.
According to Scotiabank economist Patricia Mohr potash purchasers are currently paying US$872.50 per tonne at the port of Vancouver. “It is at a record high,” [...]
By Leia Michele Toovey- Exclusive to Potash Investing News
In 2007 and 2008, a perfect storm of events led to record high fertilizer prices. The rapidly expanding world economy in these two years led to an increase in worldwide grain production. Expanding grain production increased demand for fertilizer. Record natural gas prices ushered in record high nitrogen [...]
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 their [...]
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 fire recently [...]
By Leia Michele Toovey- Exclusive to Potash Investing News
With spring planting around the corner, many potash companies are hoping that sales of the fertilizer component will pick up, after the economic conditions over the winter have sent share values in a tail spin. Top fertilizer producers Agrium Inc (TSX: AGU) and Potash Corp of Saskatchewan [...]
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 share, up [...]
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 at [...]
By Daniella D’Alimonte – Exclusive to Potash Investing News
Potash Corp. of Saskatchewan (TSX: POT), which has been bouncing up and down over the past two weeks, is around $73 going into the weekend.
The Washington, D.C.-based Fertilizer Institute reported Thursday that Potash Corp. and other producers within Canada have had a 31 per cent inventory drop. [...]
Friday, October 23, 2009