Fertilizers and Agricultural Chemicals
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Maxim Volkov, CEO of PhosAgro, says soft commodity prices will not fall, and added that flexible production lines mean PhosAgro can overcome cyclicality.
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Feb 26- Canadian fertilizer company Agrium Inc expects to close its purchase of Viterra farm retail stores from Glencore International Plc in May or June, Agrium Chief Executive Officer Mike Wilson said on Tuesday at a BMO Capital Markets investor conference in Hollywood, Florida. The event was available by webcast.
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*Potash Corp wants to buy at least a majority stake. *Potash Corp to put focus on volume, not price. *Potash Corp shares rise slightly.
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Feb 21- Canadian fertilizer company Agrium Inc reported a record profit for the fourth quarter on Thursday, handily beating expectations due to higher demand for crop protection products and fertilizer from farmers, ahead of a proxy battle with its largest shareholder.
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LONDON, Feb 18- More efficient use of nitrogen fertilisers could cut annual consumption by 20 million tonnes, help the environment and save $170 million a year by the end of the decade, scientists said in a report on Monday. The global annual cost of damage from nitrogen pollution alone is about $800 billion.
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MUMBAI, Feb 8- India plans to cut its fertiliser subsidy bill by at least 15 percent for the fiscal year 2013-14, four sources told Reuters, a move that takes advantage of a fall in international prices to help narrow the country's fiscal deficit.
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Feb 7- Canadian fertilizer company Agrium Inc has failed to prove that it should keep its two main divisions together, and also needs to cut costs and use capital more effectively, activist shareholder Jana Partners said on Thursday.
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Feb 7- Canadian fertilizer company Agrium Inc has failed to prove that it should keep its two main divisions together, and also needs to cut costs and use capital more effectively, activist shareholder Jana Partners said on Thursday.
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Syngenta, the world's largest agrochemicals company, said it was confident ahead of the upcoming planting season and will hike its dividend 19 percent after it posted a full-year net profit that beat expectations.
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NEW YORK, Feb 4- Potash miner Prospect Global Resources Inc won't open its first mine until at least 2015, but the American upstart is already upsetting the multibillion-dollar fertilizer industry where a few players control a crucial ingredient in the global food chain.
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*Sees 2013 EPS of $2.75- $3.25; Wall Street view $3.18. Jan 31- Potash Corp of Saskatchewan forecast a modest rebound in earnings for 2013, with key importers in China and eventually India resuming purchases of the crop nutrient potash, but the company's recovery will be more gradual than expected.
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*Forecasts 2013 profit of $2.75- $3.25/ share; Wall Street view $3.18. Potash Corp, the world's biggest fertilizer company, reported a surprisingly large drop in fourth-quarter profit on Thursday and gave a first-quarter outlook below Wall Street's forecast.
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*Forecasts 2013 profit of $2.75- $3.25/ share; Wall Street view $3.18. Jan 31- Potash Corp of Saskatchewan forecast a modest rebound in earnings for 2013, with key importers in China and eventually India resuming purchases of the crop nutrient potash, but the company's recovery will be more gradual than expected.
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*Forecasts 2013 profit of $2.75- $3.25/ share; Street view $3.18. Jan 31- Potash Corp of Saskatchewan reported a bigger-than-expected 38 percent drop in quarterly profit on Thursday as key potash buyers China and India stayed out of the market, but the company forecast a modest rebound in earnings for 2013..
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Jan 28- Canadian fertilizer company Agrium Inc will not split its wholesale and retail divisions as its biggest shareholder, Jana Partners, wants because doing so would "destroy value" for shareholders, Chief Executive Mike Wilson said on Monday.
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Jan 28- Canadian fertilizer company Agrium Inc will not split its wholesale and retail divisions as its biggest shareholder, Jana Partners, wants because it would "destroy value" for shareholders, Chief Executive Officer Mike Wilson said on Monday.
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Wilson was speaking in New York to Agrium's sell-side analysts in an attempt to blunt Jana's move to replace part of Agrium's board and effect changes it says would increase returns to investors.
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*Agrium shares rise more than 3 pct on NYSE, TSX. TORONTO, Jan 24- Canada's Agrium Inc raised its fourth-quarter earnings outlook on Thursday as strong grain and oilseed prices spurred demand for its fertilizer products in North America over the fall season.
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Jan 24- Canada's Agrium Inc raised its fourth-quarter earnings outlook on Thursday as strong grain and oilseed prices spurred demand for its fertilizer products in North America over the fall season.
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Jan 24- Canadian fertilizer maker and farm products retailer Agrium Inc raised its fourth-quarter earnings forecast on Thursday, as strong grain and oilseed prices spurred demand for its fertilizer products over the fall season in North America.