Mosaic joins potash-production cutting party on soft demand

Potash dealers are holding back from buying the crop nutrient even more than North America’s second-biggest producer, Mosaic Corp, anticipated they would a month ago, prompting the company to idle up to 20% of its capacity up to May. However,...

Mosaic CEO strikes cautious note on outlook

Fertiliser-maker Mosaic Company said on Wednesday second-quarter profit fell around 37% to $624-million, mainly because year-ago results benefitted from of the sale of its Fosfertil business. Stripping out that $570-million one-time gain, the...

Mosaic cuts fertilizer output due to weak prices

Fertilizer producer Mosaic Co said on Wednesday it will cut production of phosphate, a key nutrient used for crop production, because prices have fallen to unsustainable levels. The Minnesota-based company said it would cut its planned production...

PotashCorp, Mosaic reach settlement in Esterhazy dispute

PotashCorp and Mosaic have reached an agreement in a dispute over supplies of the crop nutrient from the Esterhazy mine, near Manitoba’s border with Saskatchewan, the companies said on Thursday. Mosaic had in May said it would stop selling...

Finally, a deal between Canpotex and India

It would appear, borrowing Potash Corp CEO Bill Doyle’s analogy, that India’s potash buyers have managed to catch their tail. Agrium CEO Mike Wilson on Wednesday said that Canpotex, the marketing cartel for Canada’s three biggest producers...

Potash prices to flourish further this year, says Scotiabank's Mohr

Spot potash prices at the Port of Vancouver climbed to $490/t in July and another $30/t to $40/t increase is likely before autumn in the Northern Hemisphere, Scotiabank said on Wednesday. “With strong demand in most of Asia and Latin America,...