Fertilizer prices have slumped after spiking to record levels following Russia's invasion of Ukraine.
with plans to expand to as much as two million tonnes by the end of next year, the company said in a statement. It was restarted in August 2021 after being idled for two years due to slumping demand.We deliver the local news you need in these turbulent times on weekdays at 3 p.m.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.
Potash in Brazil has fallen by more than half since hitting a high of over $1,200 per metric ton earlier this year, according to Bloomberg’s fertilizer publication Green Markets. The latest weekly prices fell nearly three per cent on Nov. 2 to $515 per metric ton.. Last week, Nutrien chief executive officer Ken Seitz warned of looming shortages in coming years, with supplies from Russia and Belarus constrained. Nutrien plans to ramp up its capacity 40 per cent by 2025.
Cutting production could reduce Mosaic’s first quarter 2023 potash sales by 325,000 metric tons and cost the company $140 million in revenue, Bloomberg Intelligence analyst Alexis Maxwell said in a note.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Russia-Ukraine live updates: Missiles rain on Ukraine after purported drone strikes in RussiaLATEST: Russia has run out of Iranian-made drones, according to Western officials.
Les mer »
Sask. man facing drug charges after fentanyl bust in EdmontonA Brownlee man, 42, was arrested by RCMP during a traffic stop in Edmonton. Police say they found 10.6 kilograms of suspected fentanyl.
Les mer »
‘Clown show’ barbs mark second last day of Sask. legislative sittingTuesday became somewhat tense as the Opposition pressed for affordability measures and asked the government to scrap SLGA layoffs.
Les mer »
Sask. aims to launch new tax collection agency, take over federal programThe Saskatchewan Revenue Agency, according to the province, would administer taxes and related programs. skpoli
Les mer »
Sask. government looks to allow drinking in parks, if approved by citiesThis is the government’s second attempt to change the legislation after a previous bill died on the order paper last spring.
Les mer »
Sask. aims to launch new tax collection agency, take over federal programThe Saskatchewan Revenue Agency, according to the province, would administer taxes and related programs. skpoli
Les mer »