In evidence that the market is staring to turn around, Potash Corp. of Saskatchewan, the world’s top potash producer, aggressively hiked its earnings forecast for the current quarter. Potash’s move sent a ripple affect through all North American Producers.
In anticipation that its 2010 potash sales will increase by 50 per cent, Russian based Belarusian Potash Co (BPC) has hiked the price it charges for the nutrient.
In anticipation that its 2010 potash sales will increase by 50 per cent, Russian based Belarusian Potash Co (BPC) has hiked the price it charges for the nutrient. [...]
Despite a bleak 2009, brokerage Credit Suisse released a note that is very bullish on the 2010 outlook for potash. During the last bull-run, high crop prices and limited potash supplies drove the price of the nutrient up to $1,000 USD per tonne, from $150.
Despite a bleak 2009, brokerage Credit Suisse released a note that [...]
Potash producers are confident that the bottom has been hit; and 2010 will be a year of gradual improvement. Potash prices more than halved in 2009 as the effects of the recession rippled through the agriculture industry.
Potash producers are confident that the bottom has been hit; and 2010 will be a year of gradual improvement. [...]
Potash investing News reports potash being the hot new pink item!
And who better to don it than several North American suppliers. The stock price in major potash groups have risen in recent months on takeover talk.
Why the sudden interest? As lower potash prices discourage large mining companies from starting their own mines, mergers and acquisitions [...]
Potash Investing News reports China looks for lower potash prices.
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.
For complete story, [...]
Former head of private client investing at CIBC Wood Gundy Craig Basinger is interviewed by the Ottawa Citizen and offers some forward looking opinion on a variety of markets. He likes the energy sector and says to watch for consolidations. He also likes biotech because of the aging population. While luke warm on financial services [...]
Potash Investing News reports potash prices may go higher with China’s demand.
A quick rebound in potash demand could spell disaster for farmers. High fertilizer stockpiles mean that demand may be hard to meet when growers start buying. Yes, this sounds counterintuitive; however, as stockpiles reached record highs after six months of slow sales shippers idled trains. [...]
Potash Investing News reports potash sales have decreased in the last couple of weeks.
Just earlier this year global demand for fertilizer fell off as prices rose, adding to supplies and further depressing prices. In a typical year, 40 percent of annual fertilizer application occurs in the fall, but this year preliminary figures indicate that the [...]
Potash Investing News reports potash price has been high since last year.
Potash companies have been under fire recently for failing to drop the selling price of potash despite all of the other commodities price crash.
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Wednesday, March 17, 2010
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