By Leia Michele Toovey-Exclusive to Potash Investing News Slow demand, and high inventories have prompted potash producers to issue further output cuts. Late Tuesday, Potash Corp of Saskatchewan ( NYSE: POT), the world’s largest potash producer, said that it will reduce its potash output because of low demand; the following day, producer K+S Ag announced that [...]
Continue reading "Potash miners announce further cutbacks"
Tuesday, May 26, 2009
By Leia Michele Toovey-Exclusive to Potash Investing News As the recession spread across the globe, the value of crops plummeted and equity froze, forcing farmers into delaying applications of much needed fertilizer to their fields. This postponement has set the stage for the potash industry to boom. Farmers may skip using potash fertilizer for a year [...]
Continue reading "Recession leaves farmers between a rock and a hard place"
Wednesday, April 22, 2009
By Leia Michele Toovey- Exclusive to Potash Investing News Sluggish demand world-wide due to the global financial squeeze has left potash stockpiles at all-time highs as potash miners fail to adequately adjust prices. Farmers, especially those finding it hard to get bank financing, may not be buying as much costly fertilizer as they face lower crop [...]
Continue reading "Potash stockpiles at record high"
Thursday, April 2, 2009
By Leia Michele Toovey- Exclusive to Potash Investing News Rumours of BHP Billiton’s interest in acquiring a major potash company just won’t go away, as JP Morgan picked up on the theme on Tuesday. Speculation mounted that the world’s largest miner was preparing for a large acquisition after the company raised more than US $6 billion through [...]
Continue reading "Acquisition rumours rock potash industry"
Sunday, March 8, 2009
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 [...]
Continue reading "Robust potash sector leaves cash on hand for acquisitions"
Thursday, February 5, 2009
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,” [...]
Continue reading "Potash prices at record high"
Thursday, December 11, 2008
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 [...]
Continue reading "Are potash giants guilty of collusion?"
Friday, November 28, 2008
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 [...]
Continue reading "Fall’s economy freezes potash shares"
Thursday, October 30, 2008
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 [...]
Continue reading "Will potash stay on top?"
Friday, October 17, 2008
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. [...]
Continue reading "The workers and the shareholders"
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Monday, June 22, 2009