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AGCanada
EU plans to hit Russia, Belarus grain imports with tariffs
The European Commission proposed on Friday imposing tariffs on imports of grain from Russia and Belarus in an attempt to prevent Moscow and its ally from distorting EU markets and placate farmers who have protested for months over cheap imports.
March 22, 2024
AGCanada
Nutrien misses quarterly profit estimates as potash prices plummet
Reuters -- Nutrien fell short of analysts' estimates for third-quarter profit on Wednesday, as lower potash prices weighed on the world's biggest fertilizer producer. Potash prices have been falling after shipments from Belarus and Russia resumed. These exports had been significantly restricted last year following Western sanctions imposed on Russia in response to its invasion...
November 1, 2023
AGCanada
Nutrien cuts earnings forecast after quarterly profit misses estimates
Reuters -- Nutrien Ltd. on Wednesday cut its forecast for 2023 earnings as elevated fertilizer prices owed to Western sanctions on Russia and Belarus weigh on demand. U.S.-listed shares of the company fell 3.9 per cent in extended trading Wednesday as it also reported a lower-than-expected quarterly profit. Though fertilizer prices have dipped from record...
May 11, 2023
AGCanada
Belarus to allow Ukraine grain transit with no preconditions, U.N. says
United Nations | Reuters -- Belarus told the United Nations on Friday that it would allow, without preconditions, the transit of grain from Ukraine through its territory for export from Lithuanian ports, a U.N. spokesman said. Belarus, used by its ally Russia as a staging ground for Moscow's Feb. 24 invasion of Ukraine, said in...
December 12, 2022
AGCanada
Direct compensation for fertilizer tariffs not on table
Farmers in Eastern Canada who rely on imports of Russian-made fertilizers aren't going to see direct compensation for the federal government's general tariff on those products. A clutch of farmer and ag industry groups on July 15 put forward a new request to Ottawa for compensation to farmers "negatively impacted" by a 35 per cent...
July 25, 2022
AGCanada
Nutrien to further boost potash output amid global shortage
Reuters -- Nutrien, the world's largest fertilizer producer, said Thursday it will increase its Canadian potash production by 20 per cent to an annual 18 million tonnes by 2025, helping to address tight supplies that have contributed to a global food shortage. Potash prices have soared since the West imposed sanctions against Russia for Moscow's...
June 9, 2022