Mosaic to slow Canadian potash production
Mosaic Co will run its Canadian potash mines at less than 75 percent of capacity collectively for maintenance in the current third quarter, as prices for the crop nutrient slip.
The U.S. fertilizer company will curtail production at its Colonsay, Saskatchewan, mine, Chief Financial Officer Larry Stranghoener said on Tuesday, adding that Mosaic may curtail output at other mines, depending on demand.
The company also said it expects Canpotex Ltd, the offshore selling agency for Mosaic, Potash Corp of Saskatchewan and Agrium Inc, to close a potash supply contract with Chinese buyers for the second half near the end of the third quarter.
- Adequate rhizobia populations help protect soybean yields
- In-season imagery helps farmers grow and protect healthy crops
- Ag markets proved rather volatile Wednesday afternoon
- Farm Bill enables record USDA investments in rural water systems
- Ag markets diverged Wednesday morning
- Do soybeans need N fertilizer?
- Commentary: Blame anti-GMO groups for deaths
- Julie Borlaug says biotech is necessary in fight against hunger
- What does “sustainable” food and agriculture really mean?
- Ohio bill to require certification to apply fertilizer
- Carbon-dioxide hurts nitrogen assimilation by plants
- FCC aims to offer high-speed internet to rural America