Tag: Potash

In a recent webinar, Chris Lawson, CRU’s Head of Fertilizers, gave the CRU view on what 2024 holds in store for the global fertilizer industry. Here are CRU’s top 10 calls for the year ahead:

We look ahead at fertilizer industry prospects for the next 12 months, including the key economic and agricultural drivers likely to shape the market during 2024.

Urea: December began on a positive note with a flurry of Egyptian urea sales and firmer prices for delivery to Brazil. The increase in values was short lived, however, and piecemeal demand in Europe was insufficient to halt the downward trend. By mid-December, buying interest from Brazil had fizzled out, although sellers breathed a sigh of relief when India’s NFL floated a new import tender on 21st December.

Brazil is a powerhouse agricultural economy, ranking as a top three global exporter of soybeans, corn and sugar. It is also the world’s number one producer and exporter of oranges and orange juice – as highlighted in our current issue (p18).

Fertilizer International presents a global round-up of current potash projects.

We report on fertilizer production, consumption and pricing in the US market. The country’s fertilizer industry, ranked fourth globally in terms of total production capacity, has grown and developed alongside its increasingly sophisticated domestic agricultural sector.

Market Insight courtesy of Argus Media. Urea: Prices in general fell further in late October. Suppliers in most regions were forced to accept lower than expected net-backs due to low import demand and high producer inventories. India was the exception with IPL securing 1.7 million tonnes of urea at $400-404/t cfr under its 20th October tender.

Bruce Bodine will become the new CEO of The Mosaic Company from the 1st January 2024. He was unanimously elected by the company’s board of directors at the end of August. His appointment followed the announcement that the current CEO Joc O’Rourke will retire next year. Mr Bodine was also elected company president in August and appointed as a member of Mosaic’s board with immediate effect. He was previously the company’s SVP -North America.

Mangalore Chemicals & Fertilizers Limited has appointed Vighneshwar G Bhat as company secretary and compliance officer. Bhat, is an associate member of the Institute of Company Secretaries of India and a Law Graduate and holds master’s degree in commerce with more than 20 years of experience in secretarial and legal functions. Prior to joining the company, he was company secretary for Sobha Ltd, and has specialised in corporate secretarial matters including mergers and acquisitions, handling liquidations and SEBI & FEMA compliances.

Arianne Phosphate says that Mark Edinger will be joining the company as an advisor. Edinger is a 15-year veteran of Nutrien Ltd. and its predecessor (Potash Corporation of Saskatchewan) having most recently served as Director of Phosphate Commercial and Product Management Teams, with responsibility for the global marketing of Nutrien’s phosphate product lines.