Flagging fertilizer prices are set for a further fall which will likely drive some high-cost Chinese producers out of business to help ease a stocks overhang and lift prices later in 2016, one of the world's largest producers, Russia's PhosAgro, said.
Tanking fertilizer prices have worsened the economic and budget outlook for the Canadian province of Saskatchewan, where the oil shock has already stalled growth, pushed the government into deficit and caused its bonds to underperform.
By Sonja Begemann, Farm Journal Seeds and Crop Production Editor
From Iowa and Ohio, farmers and wastewater treatment plants are all too familiar with the issue of phosphorus runoff into rivers, streams, and other bodies of water. But there could be help on the way. Since 2003, a Wisconsin researcher has made it his goal to reduce the amount of phosphorus released back into watersheds from wastewater treatment plant biosolids through phosphorus crystallization.
Potash Corp of Saskatchewan's decision last week to suspend production at an Eastern Canadian mine may lead to it shelving plans to build a new West Coast shipping terminal with partners Mosaic Co. and Agrium Inc., Potash Chief Executive Jochen Tilk said on Thursday.
Weak conditions in the potash market will not improve any time soon, the chief executive of Potash Corp of Saskatchewan said on Tuesday as the crop nutrient company announced it would suspend operations "indefinitely" at a Canadian mine.