Potash prices soften; global fertilizer demand stays strong

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

Soft demand for potash in the United States has caused Potash Corp of Saskatchewan to cut its summer warehouse prices of potash, Reuters quoted analyst Robert Winslow of National Bank Financial as saying.

“Potash Corp posted prices of US$510 to US$520 per short tonne for granular potash, effective June 11,” Winslow said, citing the industry newsletter Green Markets. “The prices were 9 percent lower than company prices about a year ago,” he said in a note to clients.

PotashCorp said it would return to pre-cut prices on July 21.

Also this week, Agrium announced it remains positive for seeing strong international fertilizer demand. Strong global grain prices and demand for fertilizer around the world is keeping prices robust. Supply is adequate to tight, which is also keeping prices supported, according to the company.

Last week, Agrium reported that it had more than doubled its dividend in less than six months after it quadrupled the semi-annual payout. Also supporting Agrium’s profits is the acquisition of most of Viterra’s retail assets.


Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...


Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Smooth Wall Grain Bins

Meridian’s SmoothWall bins are the ultimate storage bins, used to handle and store fertilizer, grain, feed and seed, and extend ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form