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(Dave Bedard photo)
Crops, Markets, Reuters

Canpotex aims for ‘material’ potash price bump from China

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Winnipeg | Reuters — Canadian potash exporter Canpotex is pressing Chinese buyers to pay a “material” price increase for the fertilizer in their annual supply contract, as spot values in other markets rise off multi-year lows, Canpotex’s chief executive said on Monday. “We’re not interested in some kind of ratcheting down. That is for sure,” […] Read more
An Agrium fertilizer distribution facility west of Portage la Prairie, Man. (Dave Bedard photo)
Crops, Reuters

Indian regulator warns on Agrium-PotashCorp merger

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New Delhi | Reuters — India’s competition regulator said the proposed merger between Agrium and PotashCorp was likely to hurt competition, a government statement said Wednesday. The two Canadian fertilizer producers agreed to merge last September to navigate a severe industry slump by boosting efficiency and cutting costs. Neither Agrium nor PotashCorp have physical presence […] Read more
An Agrium fertilizer distribution facility west of Portage la Prairie, Man. (Dave Bedard photo)
Crops, Reuters

Agrium forecasts less profitable year than expected

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Reuters — Fertilizer maker Agrium, the world’s biggest farm retailer, on Thursday forecast a less profitable year than expected and said its quarterly profit plunged. The Calgary-based company said after normal trading hours that it expects to earn $4.50-$6 per share in 2017. The midpoint of $5.25 fell below analysts’ average estimate of $5.45, according […] Read more
(Dave Bedard photo)
Crops, Reuters

PotashCorp to cut jobs, output as prices sag

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Reuters — Fertilizer maker PotashCorp said Wednesday it was reducing jobs and output at one Saskatchewan mine and temporarily curtailing production at two others as the sector struggles with weak prices. The company said it would cut production at its Cory potash mine, just west of Saskatoon, to 800,000 million tonnes a year from 1.4 […] Read more
(Photo courtesy Nutrien)
Crops, Reuters

Agrium posts quarterly loss

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Reuters – Agrium, the Calgary-based fertilizer maker that’s in the midst of a merger with PotashCorp, reported a quarterly loss Nov. 3. The company reported a net loss from its operations of $52.2 million, or 39 cents a share in the third quarter, which ended Sept. 30. That’s compared to a net profit of $132.5 […] Read more
(Dave Bedard photo)
Crops, Reuters

Agrium/PotashCorp merger set for shareholder approval

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Toronto/Winnipeg | Reuters — The shareholders of Agrium and PotashCorp are set to overwhelmingly approve a merger of the two Canadian fertilizer producers, according to a source familiar with the situation, despite initial skepticism from Agrium investors. About 99 per cent of the votes from both groups of shareholders are in favour of the transaction, […] Read more
(Dave Bedard photo)
Crops, Reuters

Agrium, PotashCorp shareholders vote on merger next month

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Reuters — Agrium and PotashCorp shareholders will hold separate meetings next month to vote on a merger agreement between the two fertilizer companies, they said in a filing on Thursday. The all-stock deal would combine Potash’s crop nutrient production capacity, the world’s largest, with Agrium’s farm retail network, North America’s biggest. Agrium shareholders will meet […] Read more

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