Migao Corporation (TSX:MGO) announced today that it has received several contracts to deliver 75,000 tonnes of potash fertilizer to customers across China. The orders will be delivered by the end of the year and with existing commitments, will consume all production until the end of 2009. Liu Guocai, Migao’s CEO is quoted as saying: A [...]
By Leia Michele Toovey- Exclusive to Potash Investing News China, the world’s largest consumer of potash, will reportedly seek lower prices for the fertilizer component just weeks after the ink dried on the contract between India and International Potash Company (IPC), the marketing arm of Russia’s biggest potash producer, for $460 per tonne. As reported [...]
Despite a planned eight-week output shutdown at the end of the month, PotashCorp anticipates an upswing in international potash demand later this year. For full story, click here
According to PotashCorp CEO Bill Doyle, potash production in Canada has been reduced to match eroding world demand and could be further reduced if markets don’t improve. For full story, click here
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 [...]
Potash Corp. Of Saskatchewan Inc. reported that the company is extending 2009 potash production cuts by an additional 1.5 million tons. For full story, click here
Potash prices have held steady as Mosaic, Potash Corp. of Saskatchewan and other producers reduced output. For full story, click here
Canada is the biggest producer of potash, and the world’s largest uranium- and gold-miners both have their headquarters in the country. For full story, click here
Potash producers in Canada, Russia and Germany are cutting back production to try to shore up market conditions. For full story, click here
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 [...]
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