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Fertilizers and Agricultural Chemicals

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  • SANTIAGO, March 17- SQM fertilizer company has fired its chief executive after it became embroiled in an election campaign financing scandal that has rocked the Chilean establishment, tainting business leaders and politicians with close links to the 1973-1990 dictatorship of Augusto Pinochet. Shortly after the announcement, SQM said it would voluntarily...

  • CHICAGO, March 17- U.S. farmers will likely use less nitrogen fertilizer this season with the cost sky-high even though the price of natural gas, the key ingredient to make it, is down 40 percent from last year. "What we're seeing this season is a reduction in rates," said Ray Carpenter, senior vice president of agronomy for Farmers Cooperative in Ames, Iowa, referring to...

  • Chile's SQM fires CEO tied to campaign finance scandal Tuesday, 17 Mar 2015 | 9:46 AM ET

    SANTIAGO, March 17- Chile's SQM has fired its chief executive after the fertilizer company became embroiled in a campaign financing scandal largely involving a right-wing party with close links to the 1973-1990 dictatorship of Augusto Pinochet. Authorities are probing whether resources were channeled illicitly to finance electoral campaigns for the...

  • SINGAPORE, March 11- Brazil's corn output is likely to come under pressure this year due to unfriendly crop weather, while high costs for fertilizers in strife-torn Ukraine will curb production there, a senior agricultural analyst said on Wednesday. Lower supplies in Brazil and Ukraine, the world's second and third largest corn exporters after the United...

  • WELLINGTON, March 10- Suspected environmental activists have threatened to contaminate infant formula in New Zealand, the world's largest dairy exporter, in an attempt to halt the use of an agricultural poison on pests such as rats and possums. New Zealand police said on Tuesday letters were sent to the national farmers' group and dairy giant Fonterra in...

  • SAO PAULO, March 2- Potash Corporation of Saskatchewan Inc, the world's largest fertilizer company by market value, agreed on Monday to pay about $56 million for a 9.5 percent stake in Brazilian rival Fertilizantes Heringer SA, the latest effort by Potash to grow in Latin America's largest economy. Under terms of the agreement, PotashCorp will acquire the stake...

  • Potash Corp to buy stake in Brazil's Heringer Monday, 2 Mar 2015 | 8:26 AM ET

    March 2- Potash Corp of Saskatchewan Inc, the world's biggest fertilizer company by market capitalization, said it would buy a 9.5 percent stake in Brazil's Fertilizantes Heringer SA from its controlling shareholders for $55.7 million. The deal, expected to close in the second half of this year, will pave the way for a long-term potash supply agreement, allowing...

  • WINNIPEG, Manitoba, Feb 26- Canadian farmers are plowing profits from bumper crops into fertilizer storage facilities to mitigate the pricing power held by major retailers and producers. Over time, the practice might erode the steep premiums farmers pay in the spring to retail businesses owned by Agrium Inc, Richardson International and Cargill Ltd, while...

  • MOSCOW, Feb 20- Russian fertiliser producers are willing to cut prices by up to 33 percent for domestic customers, Russian news agencies reported on Friday, citing Igor Artemyev, head of the country's Federal Anti-Monopoly Service. Artemyev's comments came after Deputy Prime Minister Arkady Dvorkovich said that Russia did not plan to impose an export tax on...

  • OSLO/ FRANKFURT, Feb 19- Norwegian fertiliser maker Yara and German chemicals firm BASF will spend $600 million building an ammonia plant in Texas, taking advantage of cheap shale gas to expand their presence in the United States, the companies said. Yara will own 68 percent of the project, to be built on BASF's industrial complex in Freeport, while the German firm...

  • Water, air quality fears conflict with pig farms Monday, 16 Feb 2015 | 10:19 AM ET

    Modern meat production has proven to be efficient and profitable, but comes with its own set of problems.

  • JERUSALEM, Feb 16- Israel's main labour union threatened on Monday to shut Israel Chemicals main Dead Sea potash operations if the fertilizer and specialty chemicals maker does not revise a plan to cut jobs. ICL, which has exclusive permits to extract minerals from the Dead Sea, is one of the three largest suppliers of the crop nutrient potash to China, India and...

  • Feb 11- U.S. fertilizer company Mosaic Co's fourth-quarter profit nearly tripled, helped by strong demand for phosphates and potash. The company's shares rose 2.3 percent at $51.94 in morning trading in New York on Wednesday. Rival Potash Corp of Saskatchewan last month reported higher-than-expected quarterly profit.

  • OSLO, Feb 11- Norway's Yara posted a fourth-quarter operating profit up more than fourfold on Wednesday, allowing the world's biggest nitrogen-based fertiliser maker to raise its dividend. With production still curtailed in places such as Ukraine, China and Egypt, fertiliser prices are holding up while the price of natural gas, the chief raw material in its...

  • MOSCOW, Feb 8- Russia has put 199 major companies on a list of strategic firms eligible for state assistance under the government's plan to help the ailing economy, the Economy Ministry said on Sunday. Russia is sliding towards recession and Moscow has come up with an anti-crisis plan promising state support for various sectors of the economy but giving few...

  • Potash's profit beats as sales rise, costs fall Thursday, 29 Jan 2015 | 10:52 AM ET
    A worker prepares a railcar to transport potash from the Potash of Saskatchewan Lanigan mine in Lanigan, Sasketchewan, Canada.

    Potash Corp. of Saskatchewan reported a better-than-expected quarterly profit, helped by strong potash sales and lower costs.

  • Potash Corp's shares rose more than 3 percent Thursday in Toronto and New York, touching their highest level since May 2012 in Toronto. Potash Corp sold 2.5 million tonnes of potash, the most ever in a fourth quarter and up 42 percent year over year. Potash Corp, the second-biggest potash producer by output after Russia's Uralkali OAO, reported fourth-quarter...

  • Jan 29- Potash Corp of Saskatchewan, the world's biggest fertilizer company by market capitalization, reported a better-than-expected quarterly profit, helped by strong potash sales and lower costs. Potash Corp, the second-biggest potash producer by output after Russia's Uralkali OAO, said on Thursday that improving phosphate market conditions are...

  • Potash Corp quarterly profit jumps 77 pct Thursday, 29 Jan 2015 | 6:17 AM ET

    Jan 29- Potash Corp of Saskatchewan, the world's biggest fertilizer company by market capitalization, reported a 77 percent rise in quarterly profit, helped by higher realized prices and lower costs. Net earnings rose to $407 million, or 49 cents per share, in the fourth-quarter ended Dec. 31, from $230 million, or 26 cents per share, a year earlier.

  • UPDATE 1-Agrium shares rise on dividend, buy-back news Thursday, 22 Jan 2015 | 12:59 PM ET

    Jan 22- Canadian fertilizer and farm retail dealer Agrium Inc said it would pay out a larger percentage of its free cash flow as dividends and buy back up to 5 percent of its shares, driving its stock up as much as 5.6 percent. Agrium said it would pay out 40-50 percent of its free cash flow as dividends, up from its earlier target of 25-35 percent. Agrium, which mines...