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General, Reuters

Nutrien to pause potash ramp up, ammonia project on falling prices

Potash prices have eased after the resumption of shipments from major supplier Belarus

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Reuters – Nutrien NTR.TO on Wednesday decided to indefinitely pause its ramp-up plans for potash production and halt work on its clean ammonia project at Geismar, Louisiana, as the world’s biggest fertilizer producer grapples with falling prices. Its U.S.-listed shares fell 2.6% in extended trading as the company cited market conditions for stopping efforts to […] Read more
File photo of Black Sea port facilities at Odesa, Ukraine. (Leskas/iStock/Getty Images)
General, Reuters

Russian diplomat accuses Ukraine of using Black Sea grain corridor for attacks

Russia says it's negotiating exports of food to countries most in need

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Moscow | Reuters – Russian Deputy Foreign Minister Sergei Vershinin on Friday accused Ukraine of using a grain export corridor in the Black Sea to launch “terrorist attacks” against Russian interests, including one this week on the Crimean Bridge. Vershinin was addressing a briefing about Russia’s decision on Monday to quit the year-old Black Sea […] Read more
Vessels are seen as they await inspection under the Black Sea Grain Initiative, brokered by the UN and Turkey, in the southern anchorage of the Bosphorus at Istanbul on Dec. 11, 2022. (File photo: Reuters/Yoruk Isik)
General, Reuters

Black Sea grain deal expires after Russia quits

United Nations says the move would "strike a blow to people in need everywhere"

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United Nations/Moscow | Reuters – A deal allowing the safe Black Sea export of Ukraine’s grain for the past year expired on Monday after Russia quit and warned it could not guarantee the safety of ships in a move the United Nations said would “strike a blow to people in need everywhere.” Moscow suggested that […] Read more
A Belize-flagged bulker, carrying grain under UN’s Black Sea Grain Initiative, transits the Bosphorus at Istanbul on May 12, 2023. (File photo: Reuters/Yoruk Isik)
Crops, Markets, Reuters

UN scrambles to save Black Sea deal ahead of Monday deadline

Russia says has not yet taken final decision

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United Nations | Reuters — The European Commission is helping the United Nations and Turkey try to extend a deal allowing the Black Sea export of Ukraine grain and is open to “explore all solutions,” a European Union spokesperson said on Thursday, ahead of the deal’s possible expiration on Monday. The U.N. and Turkey brokered […] Read more
Liberia-flagged bulker K Sukret, carrying grain under the Black Sea Grain Initiative, waits for inspection in the southern anchorage of Istanbul on May 17, 2023. (Photo: Reuters/Mehmet Emin Caliskan)
Crops, Reuters

UN asks Putin to extend Black Sea grain deal in return for SWIFT access

Grain export initiative to expire Monday otherwise

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United Nations | Reuters — U.N. Secretary-General Antonio Guterres has proposed to Russian President Vladimir Putin that he extend a deal allowing the safe Black Sea export of grain from Ukraine in return for connecting a subsidiary of Russia’s agricultural bank to the SWIFT international payment system, sources told Reuters. Russia has threatened to ditch […] Read more
Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)
Crops, Reuters

Nutrien cuts output as West Coast port strike hits day 11

Longshore union, management met Monday night, source says

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Ottawa | Reuters — The world’s biggest fertilizer producer Nutrien cut production on Tuesday, citing the impact of a 11-day-old strike in Canada’s Pacific ports whose cost has now ballooned to an estimated $6 billion. Some 7,500 dock workers represented by the International Longshore and Warehouse Union (ILWU Canada) walked off on July 1 after […] Read more
(PortOfThunderBay.com)
Crops

Thunder Bay grain shipments up on year

Less potash moved so far this year

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MarketsFarm — Grain shipments through the Port of Thunder Bay are running well ahead of the previous year’s pace, according to updated data from the Lake Superior facility. Grain shipments through the end of June of about 2.5 million tonnes were up by 760,000 from the same point the previous year. Monthly shipments in June […] Read more
Liberia-flagged bulker K Sukret, carrying grain under the Black Sea Grain Initiative, waits for inspection in the southern anchorage of Istanbul on May 17, 2023. (Photo: Reuters/Mehmet Emin Caliskan)
Crops, Markets, Reuters

EU seen weighing concession to Russian bank over Black Sea deal

New arm of ag bank could connect to SWIFT

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Reuters — The European Union is considering a proposal for the Russian Agricultural Bank to set up a subsidiary to reconnect to the global financial network as a sop to Moscow, the Financial Times said on Monday. With the bank under sanctions, the move aims to safeguard the Black Sea grain deal that allows Ukraine […] Read more
Vessels are seen as they await inspection under the Black Sea Grain Initiative, brokered by the UN and Turkey, in the southern anchorage of the Bosphorus at Istanbul on Dec. 11, 2022. (File photo: Reuters/Yoruk Isik)
Crops, Markets, Reuters

Ukraine ‘99.9 per cent’ certain Russia will quit Black Sea deal next month

Russia wants demands met on ammonia shipments

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Kyiv | Reuters — Russia is 99.9 per cent certain to quit a U.N.-brokered deal on the safe wartime passage of Black Sea grain next month because it no longer needs Ukrainian ports to export ammonia, a senior Ukrainian diplomat said. The United Nations and Turkey brokered the Black Sea Grain Initiative with Moscow and […] Read more
File photo of an ammonia pipe. (Jupiterimages/Photos.com/Getty Images)
Crops, Reuters

Kremlin says ammonia pipeline blast negative for Black Sea grain deal

Russia had sought transit for ammonia via Ukraine

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Moscow | Reuters — The Kremlin said on Thursday that there would be a “negative impact” on the fate of a Black Sea grain deal from a blast which damaged a pipeline used to export Russian ammonia via Ukraine that Moscow wants restarted. The Togliatti-Odesa pipeline, which once pumped up to 2.5 million tonnes of […] Read more

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