Canpotex, the marketing conglomerate for North American Potash Producers signed a deal earlier this month to sell 600,000 tonnes of potash to India for $370 per tonne. That potash will last roughly through June, and for future contracts India will seek to lower prices due to a growing national deficit.
That potash will last roughly through [...]
Potash Investing News reports high fertilizer prices as we go into a global recession.
Despite grim circumstances for most commodity companies; Potash Corp of Saskatchewan’s (TSX: POT) 2008 net income doubled, in comparison to 2007. Net income increased to $788 million or $2.56 a share from $376.8 million or $1.16 a year earlier. Sales climbed 31 [...]
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 the reduction in potash prices with the current global market crisis.
USB cut its price on Potash Corp. to US$152 from US$260, while Scotia lowered its price to US$127 from US$200. Both dropped their price on Agrium to US$68 from US$114 and US$96, respectively.
For complete story, click this link. Follow developments in [...]
Potash Investing News reports the uncertainties with the markets, some potash companies see a bullish market.
The continued high prices, relative to last year, in addition to a promising supply and demand are key pointers.
While target prices are now lower than originally estimated, it has been brought on by the current higher market risk, commodity sell-offs, [...]
Thursday, February 25, 2010
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