Federated Co-operatives Ltd. (FCL), Saskatoon, is investing C$75 million to build two new state-of-the-art, high-throughput fertilizer terminals in Western Canada. Construction on the two terminals recently began at sites outside Hanley, Sask., and Brandon, Man. These facilities, which are expected to be fully operational in early 2017, will warehouse, blend and distribute a full suite of crop nutrition products throughout the Co-operative Retailing System (CRS). The Hanley terminal will be able to store up to 45,000 mt of fertilizer while the Brandon terminal will hold 27,500 mt.
The Tampa anhydrous ammonia price for August has closed at $270/mt CFR, down $15/mt from July’s $285/mt CFR. Sources had been predicting at least a $10-$15/mt drop, citing lower international pricing and the end of the U.S. spring season.
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