Chemicals Fertilizers and Agricultural Chemicals

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  • BRASILIA, April 6- Brazilian miner Vale SA could sell a minority stake in its fertilizer unit by the end of the year as part of a bid to raise cash after its biggest quarterly loss in decades, newspaper Valor said on Wednesday. Valor, citing unnamed market sources, tipped Norwegian fertilizer maker Yara International ASA as a potential buyer in a deal that could...

  • April 4- North Dakota farmer Randy Thompson plans to apply 30 percent less nitrogen fertilizer to his corn this year to save money in the face of crashing crop prices. In Minnesota, Andy Pulk is trucking crop nutrients to his farm from 350 miles away because he found a better price than his local cooperative could offer. Last month, the company cut its full-year...

  • The oil market is reaching some stability after earlier volatility, the vice chairman of Saudi petrochemicals giant SABIC said.

  • BRIEF-TOYO ENGINEERING TO BUILD A FERTILIZER PLANT IN INDIA-. *Toyo Engineering is building what would be one of the world's largest fertilizer plants in India- Nikkei. *Toyo Engineering won a roughly 70 billion yen turnkey contract from Chambal Fertilisers And Chemicals for a new plant in state of Rajasthan.

  • FRANKFURT, March 21- Shares in German drugs and pesticides maker Bayer rose more than 5 percent on Monday after sources close to the matter told Reuters that Monsanto was interested in a deal with its crop science business. Bayer's shares gained as much as 5.4 percent on Monday, and at 1235 GMT were up 3.2 percent at 102.45 euros, a 7- week high. Bloomberg at the...

  • NEW YORK, March 11- U.S. companies hit hard by a 37 percent devaluation in the Argentine peso are nonetheless gearing up to do more business there, betting short-term pain as the South American country liberalizes its economy will lead to long term gains. The rekindled relationship between the United States and Argentina, brought on by the country's new...

  • BRUSSELS, March 8- The European Union on Tuesday put off a decision on whether to extend approval for weedkiller ingredient glyphosate, used in herbicides including Monsanto's Roundup, after a dispute between EU and U.N. agencies over whether it causes cancer. Experts from all 28 member states attended a closed-door meeting on Monday and Tuesday in Brussels,...

  • BRUSSELS, March 3- The European Union is expected to extend approval next week for weed-killer ingredient glyphosate, used in many herbicides including Monsanto's Roundup, despite a dispute between EU and U.N. agencies over whether it causes cancer. Experts from all 28 member states will hold a closed-door meeting on Monday and Tuesday in Brussels and appear...

  • *Total Saudi dividend payments fell last year- Riyad Capital. DUBAI, March 3- Corporate dividends in Saudi Arabia and other Gulf countries may be starting to shrink as companies find it harder to raise funds, forcing them to cut payouts. In 2015 dividend yields in the six-nation Gulf Cooperation Council averaged about 4.5 percent; the average for emerging markets...

  • CHICAGO, March 2- Monsanto Co expects to face headwinds from weak commodity prices and currency fluctuations through 2016, its executives said on Wednesday, as the seed and agrochemical company slashed earnings guidance amid a slumping farm economy. The St. Louis- based company is hoping for a "bounce back" in growth next year with the broader launch of two key...

  • The company said it expects to request an administrative law hearing from the EPA's Office of General Counsel within the next 30 days to dispute the EPA's conclusion that the pesticide is unsafe. It is registered for use on over 200 crops, including soybeans, almonds, tobacco, peanuts, cotton, lettuce, alfalfa, tomatoes, watermelon, and bell peppers, with some crops...

  • WASHINGTON, March 1- The U.S. Environmental Protection Agency said on Tuesday it is issuing a notice of intent to cancel all Bayer CropScience and Nichino America flubendiamide products that pose a risk to aquatic invertebrates. EPA said it concluded that continued use of the insecticide would result in unreasonable adverse effects on the environment.

  • OSLO, March 1- Norwegian fertiliser maker Yara plans to cut operating costs and raise investments to become more competitive and grow its business, it said in an update ahead of an investor meeting on Tuesday. The company raised its estimate for 2016 capital expenditure to 17.9 billion Norwegian crowns from previous guidance of 14.5 billion, and predicted a...

  • The average selling price for ammonia fell about 18 percent to $458 per ton in the fourth quarter ended Dec. 31, while the price of UAN fell 12.5 percent to $230 per ton, the company said. Net earnings attributable to stockholders fell to $26.5 million, or 11 cents per share, in the quarter ended Dec. 31 from $238.3 million, or 96 cents per share, a year earlier.

  • CHICAGO, Feb 17- Investments in agriculture technology startups surged to a record $4.6 billion in 2015 despite a steep drop in U.S. farm income and slumping profit at farm-affiliated companies such as machinery producers and seed makers, according to a study released on Wednesday. Food e-commerce companies, including online grocers and meal delivery...

  • CHICAGO, Feb 17- Cargill Inc will stop selling seeds, fertilizer and crop chemicals to farmers in the Black Sea region, as the global trader continues to cut back operations in the face of sliding commodity prices. Cargill will immediately start winding down its crop input business in countries including Russia, Ukraine, Romania and Hungary, and completely exit...

  • MUMBAI, Feb 17- India has halted its potash imports for the year to end-March and delayed negotiations for next year's purchases until at least June, as droughts have dented demand in one of the world's biggest fertilizer consumers, government officials said. The decision, which has not been previously reported, is India's first pause in potash imports in years...

  • The Plymouth, Minnesota- based company also reported fourth-quarter profit that fell less than expected, and announced a $75 million share repurchase program. Its shares jumped nearly 5 percent in early trading on the New York Stock Exchange. Falling currency values against the U.S. dollar have lowered production costs 17 percent in Canada, where Mosaic's...

  • The Plymouth, Minnesota- based company, which reported a better than expected fourth-quarter profit, also announced a $75 million share repurchase program. Adjusted earnings per share was 53 cents, compared with average analysts' estimates of 44 cents per share, according to Thomson Reuters I/B/E/S. Fourth quarter net earnings fell to $155 million, or 44 cents...

  • *Sees 2016 profit outlook $5.50- $7.00/ shr vs est $7.01/ shr. *Posts profit $1.52/ shr vs est of $1.38/ shr. The company, which sells seed, fertilizers and chemicals directly to farmers in North America, said it expects to earn $5.50- $7.00 per share in 2016, slightly below analysts' average estimate of $7.01, according to Thomson Reuters I/B/E/S.