Yara publishes Q3 results: Deliveries up, margins lower

Yara International ASA announced today weaker third-quarter results compared with a year earlier. Third-quarter EBITDA excluding special items was down 35% at NOK 2,968 million compared with NOK 4,614 million a year earlier. The company noted that weaker fertilizer prices were only partly offset by higher deliveries of Yara-produced products, lower energy costs and currency translation…

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Urea markets benefit from Indian demand; ammonia prices remain low

Profercy’s World Nitrogen Index currently stands at 94.90pts and has tracked sideways through September. However, with modest gains for urea and ammonium nitrate prices evident in the past two weeks,  the Index could soon move over the 95 point mark for the first time since June. Urea: Indian demand supports producers in the East Global…

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Agrium and PotashCorp to combine to create largest crop nutrient company in the world

Earlier this week PotashCorp and Agrium announced that they have agreed stock-only merger terms that will create the largest crop nutrient company in the world. As yet unnamed, the new company will have a potash capacity of 20m tonnes per year (all figures nameplate basis) by the time it starts combined operations in mid-2017. This…

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