While the price of urea fertilizer has spiked at the Gulf of Mexico as Hurricane Milton bears down on Florida, that increase is unlikely to affect Canadian farmers much, said MarketsFarm analyst Bruce Burnett.
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Tag Archives urea
Hurricane unlikely to fuel long-term fertilizer price increase, analyst says
Fertilizer maker Yara says world faces extreme food supply shock
Sanctions cut global fertilizer supply 15 per cent, company says
Davos, Switzerland | Reuters — Norwegian fertilizer giant Yara says donors urgently need to close the U.N.’s $10 billion food programme funding gap to avoid a catastrophe as sanctions on Russian fertilizers and Ukraine’s grain export problems have created an extreme global shock. “The world has realized that food can be a weapon and it […] Read more
Yara brings most European ammonia production back on stream
Rising fertilizer prices make resumption profitable
Oslo | Reuters — Yara has brought most of its European ammonia production back on line after prices of finished fertilizers rose to make up for a surge in the cost of gas, the Norwegian fertilizer manufacturer said on Wednesday. The company cut back ammonia production at a number of sites in Europe from September […] Read more
Fertilizer shortage may lead to spring scramble
'It's next year's prices I'm worried about'
Reuters — A global shortage of nitrogen fertilizer is driving prices to record levels, prompting North America’s farmers to delay purchases and raising the risk of a spring scramble to apply the crop nutrient before planting season. The Texas Arctic Blast in February and Hurricane Ida in August disrupted U.S. fertilizer production. Then, prices of […] Read more
China to release potash reserves
Move said to be intended to ensure supply, stabilize prices
Beijing | Reuters –– China’s state planner on Wednesday said the government would take measures to keep supply and prices of fertilizers stable, including releasing potash fertilizer reserves and ensuring imports reach farmers as it looks to bolster food security. The National Development and Reform Commission (NDRC) said it was one of 13 government departments […] Read more
Nutrien cuts profit forecast on weak ammonia prices
Reuters — Canadian fertilizer maker Nutrien on Monday cut its annual adjusted profit forecast as weaker-than-normal industrial demand held back prices for ammonia and urea ammonium nitrate. The company cut the top end of its 2020 adjusted earnings per share forecast to $1.90 from $2.10 earlier, while retaining the lower end at $1.50. Even as […] Read more
Fertilizer prices likely to increase
China has shifted focus and is buying more than in previous years
Canadian fertilizer prices are expected to increase as spring draws nearer, according to industry professionals. “The further you buy out from spring, the prices tend to be a little bit lower. In making your commitments early, prices tend to edge up as you get closer to spring,” said Don Kitson of International Raw Materials Inc. […] Read more
Spinner spreaders get new swath control technology
The Salford Group BBI Sniper spreader can adjust on the fly to precisely apply fertilizer
The Salford Group has launched a new spinner spreader, called the Sniper, that enables farmers to control sections of spread for increasing accuracy, less overlap and less environmental impact. The spreader spreads 120 feet. The challenge designing the spreader was the lower quality and consistency of fertilizer in North America, said Anson Boak, Salford’s marketing […] Read more
Global fertilizer market prices vary
CNS Canada — A mixed bag for fertilizer prices is expected over the next few months, as some continue to increase while others should drop, according to an analyst. “The fertilizer market has remained pretty firm over the past six months… we had kind of anticipated some declines across all the different nutrients, (but) they’ve […] Read more
Global fertilizer prices set to fall
CNS Canada — Global fertilizer demand has been higher, leading to increased prices, but with more capacity coming online prices should start to fall, according to an analyst. “Urea prices globally have moved a little higher over the past few months. They’ve been relatively volatile, that’s just kind of a function of some better than […] Read more
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