GFM Network News


Nutrien beats profit expectation on strong potash sales

Reuters — Canadian fertilizer maker Nutrien posted fourth-quarter profit above analysts’ estimates on Wednesday as potash demand rose amid rising crop prices, sending its U.S.-listed shares up in extended trade. Fertilizer producers have benefited from high U.S. crop exports, including record-large corn sales to China. With crop prices touching multi-year highs, farmers are poised to […] Read more

Facing green push on farm, fertilizer makers look to sea for growth

Winnipeg/Oslo | Reuters — Two of the world’s biggest fertilizer producers, CF Industries and Yara International, are seeking to cash in on the green energy transition by reconfiguring ammonia plants in the U.S. and Norway to produce clean energy to power ships. The consumption of oil for transportation is one of the top contributors to […] Read more


U.S. puts duties on phosphate from Morocco, Russia

Reuters — The U.S. Department of Commerce said Tuesday it would set preliminary duties on phosphate fertilizer imports from Russia and Morocco, after launching an investigation to determine if producers in these countries were receiving unfair subsidies. The department set preliminary duties of 23.46 per cent on imports from Morocco’s OCP Group and other producers […] Read more

North American ammonium nitrate laws best in world, Nutrien CEO says

Winnipeg | Reuters — North America’s regulations for handling ammonium nitrate, a potentially explosive product used in fertilizer and in the mining industry, are the strictest in the world, the CEO of Canadian fertilizer producer Nutrien said Tuesday. An ammonium nitrate stockpile exploded last week in Beirut killing at least 171 people, injuring 6,000 and […] Read more





Farm suppliers race COVID-19 spread for planting season

Winnipeg/Chicago | Reuters — North America’s biggest farm suppliers are accelerating shipments of fertilizer, seeds and agricultural chemicals to crop-growing regions in an unprecedented race against the coronavirus that threatens to disrupt planting season. The timing could not be worse for farmers preparing to plant crops. Disruptions in deliveries of fertilizer, seeds or chemicals could […] Read more

K+S considering sale of stakes in potash, salt businesses

Frankfurt | Reuters — German potash and salt miner K+S said it was looking into selling stakes in its North American businesses because an ongoing cost cutting push would not yield enough savings to reach its debt reduction target. A company spokesman said K+S was considering selling a stake in its Bethune, Sask. potash mine […] Read more


Nutrien potash mine idled despite rail strike’s end

Plans by the world’s largest ag inputs provider to temporarily idle its biggest potash mine in view of the Canadian National Railway strike will proceed, even as CN goes back to work. Saskatoon-based Nutrien announced Monday it “will be forced to curtail production” at its Rocanville, Sask. mine due to the CN rail strike. The […] Read more

CN strike drags on, hitting grain exports, fertilizer output

Ottawa/Montreal | Reuters — A prolonged strike at Canadian National Railway, the country’s largest railroad, sent further shocks through the economy on Monday with grain shipments scuttled and layoffs planned at fertilizer producers and an auto shipment terminal. As Canada’s biggest rail strike in a decade entered its seventh day, industry kept pressuring the government […] Read more