Potash mines being idled will help cut stocks

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

Potash Corporation of Saskatchewan will temporarily shut down its six Canadian potash mines this summer for regular maintenance, a move that is expected to help whittle down larger-than-normal stockpiles of the crop nutrient.

Potash spokesman Bill Johnson said the summer shutdowns are normal, although its Cory mine will be idle for about six weeks longer than normal for additional maintenance.

Stocks of potash at Canadian mines owned by Potash Corp, the world's biggest producer of the nutrient by capacity; Mosaic Co and Agrium Inc, were collectively 20 percent larger in May than the five-year average. The supplies were built up from late 2012, when Chinese and Indian importers delayed signing new supply contracts.

With North American crop planting season over, and no second-half supply contract in place between the three producers and China, above-average production cuts may be necessary, Cowen analyst Charles Neivert said in a note.

Potash plans to idle its largest mine, Lanigan, along with Rocanville and Allan, for four weeks. Its Cory mine will be idled for 10 weeks, Patience Lake for five weeks and New Brunswick for three weeks.

Agrium intends to idle its Vanscoy, Saskatchewan, potash mine for the normal two weeks starting in the second week of August, spokesman Richard Downey said. And a Mosaic spokesman could not be reached to meet Reuter’s deadline for this article.

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 

e-Mail (required)


characters left


YOUR BEST HARVEST IS NOW WITHIN REACH J&M introduces their patented line of X-tended Reach grain carts, featuring a frontfolding single ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form