German fertilizer and salt company K+S AG predicted full-year earnings would slip sharply and lowered its sales volume outlook after operating profit plummeted in the second quarter. For full story, click here
Israel Chemicals declared potash sales slid 75 percent in the second quarter, sending its shares down more than 3 percent. For full story, click here
K+S AG, Europe’s largest producer of potash, cut its 2009 and 2010 forecast for worldwide sales of the crop nutrient as demand from farmers slipped. For full story, click here
K+S AG, Europe’s leading producer of potash has cut its 2009 and 2010 forecast for worldwide sales of the crop nutrient as demand from farmers slipped. For full story, click here
Migao Corporation, after Wednesday’s closing bell, declared sales of $85 million for the three-month period ended March 31, 2009, compared to $35 million for the comparable period last year. For full story, click here
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 [...]
Australian newspaper reporters are doing their best Thursday to lure BHP Billiton into spending the $6.3-billion it just raised from bond sales on a bid for Potash Corp. of Saskatchewan. For full story, click here
Uralkali OAO, a major Russian potash producer, has made a 25% reduction in potash prices for Brazil delivery, hoping that the move will boost its falling sales volumes. For full story, click here
The Belarusian Potash Company (BPC), the trader for Uralkali and Belaruskali, has announced it will offer a 25% discount off the spot price of potash on the Brazilian market from $1,000/tonne to $750-$765/tonne. For full story, click here
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 [...]
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