After closing out 2011 on a low, many are hopeful 2012 will be a year for potash and phosphate producers. But despite strong long-term fundamentals, the uncertainties of 2012 appear unlikely to offer a quick turn around in the value of potash and phosphate prices or company values.
India is just one of the many nations in the world dealing with a food crisis. While the country is experiencing unprecedented population growth, the amount of arable land is shrinking, thereby increasing the need for fertilizers.
A class action suit alleging price fixing by the world’s top potash producers: Potash Corporation of Saskatchewan, Mosaic and Agrium Silvinit (now merged with Uralkali) , IPC, and Belaruskali has been tossed out by a federal appeals court.
Shine's Report released research on Agrium Inc. (NYSE:AGU) and Potash Corp. of Saskatchewan (NYSE:POT).
Low inventories have granted potash and phosphate producers plenty of reasons to hike prices, and purchasers have been bearing these increases, fearing that if they don’t agree to contracts in a timely manner they may miss out on securing supplies.
NewsyStocks reported that Scotia Capital has raised expectations for Potash Corp. (NYSE:POT) to an "outperform" rating.
Canpotex and India have finally come to a six-month deal in which India will pay, at least at the onset, $470 per tonne including freight, for potash, approximately the same rate that China is paying.
CBC News reported that higher fertilizer demand prompted Potash Corp. of Saskatchewan (NYSE:POT) to raise its earnings outlook.
Shine's Room released a research report on Monsanto Corp. (NYSE:MON) and Potash Corp. of Saskatchewan (NYSE:POT).
Rumours are spreading that a state-owned Chinese company may come forward with a purchase offer for Belarus’ prized asset, potash miner Belaruskali.
Thursday, January 5, 2012