Nutrien Ltd., Saskatoon, Sask., announced on May 14 that it plans to cut production capacity at its Vanscoy potash mine from 2.2 million mt to 1.7 million mt in the third quarter of 2019, and to reduce staffing levels at the mine by approximately 20 full-time employees and 60 hourly positions. “Given the potash market continues to be in a state of recovery, it is critical that Nutrien’s potash network remain competitive globally,” the company said. “Nutrien expects to increase production at its lower cost mines and anticipates around 80 vacancies at other Saskatchewan sites over the remainder of 2019.”
Minnesota Governor Tim Walz has signed an emergency order granting a temporary exemption from Hours of Service (HOS) requirements in state law for drivers of commercial vehicles delivering anhydrous ammonia or other fertilizers to Minnesota Farmers. The emergency order, which went into effect on May 10 and continues for 30 days, came in response to cold, wet weather that has delayed the planting season, as well as “delivery delays due to infrastructure damage caused by flooding.”
The Andersons Inc., Maumee, Ohio, announced on May 14 that a new warehouse at the company’s Waterloo, Ind., location is now offering OMRI-certified organic plant nutrients, in addition to products and services for conventional growers and dealers. The Andersons said this expansion aligns with its strategy to grow in organic and specialty food-grade ingredients.
K+S Group, Kassel, reported a 14 percent increase in first-quarter EBITDA of €269.9 million on revenues of €1.26 billion, up from the year-ago €236.8 million and €1.17 billion, respectively. The EBITDA result beat analysts’ estimates of €268.3 million (six estimates), according to Bloomberg data. Sales were up 8 percent and also came in higher than analysts’ expectations for €1.27 billion (five estimates). K+S has maintained its full-year EBITDA guidance in the range €700 million to €850 million (2018: €606 million) on a favorable market in the Agriculture customer segment and higher production volume at Bethune, Saskatchewan.
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