India Seeks Stake in Belaruskali
Potash – LiveMint reported that a fertilizer ministry official will try to negotiate a 20% stake in potash producer Belaruskali.
Potash – LiveMint reported that a fertilizer ministry official will try to negotiate a 20% stake in potash producer Belaruskali.
Potash – India is pushing potash and phosphate suppliers to lower fertilizer prices, citing that a weakening currency and climbing potash and phosphate prices are pushing Indian farmers out of the market.
Potash – The shares of fertilizer producers continue to be underpinned by the weak global macroeconomic picture, despite the bullish projections on the near and long-term outlook for the sector.
Potash – Tight supplies and high prices of agricultural products including corn and wheat are expected to increase demand for fertilizers, through the near future, however, sometime past 2012, more plentiful supplies should halt potential shortages.
Potash – Last week Potash Corporation of Saskatchewan announced doubled quarterly earnings, however, the statement resulted in some negative sentiment regarding the fertilizer market reaching maximum output.
Potash – Recently, record-setting earnings have been the norm for fertilizer producers, however, late last month the markets were roiled by a quarterly earnings report by Mosaic, the world’s largest phosphate producer, which showed that profits missed analyst’s earnings per share (EPS) expectations.
Potash – 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.
Potash – Kazakhstan has long been known to contain potash reserves; however, no mine has been developed. Preliminary estimates suggest that the country, which is favourably located in close proximity to the Asian markets, may hold enough potash reserves to make it one of the world’s top producers.
Potash – Mineweb reported that Vale's fertilizer unit is planning to invest $15 million to develop potash projects in Brazil.
Potash – The Times of India reported that farmers in the Indian state of Madikeri are concerned about getting enough potash for their crops.
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