Phosphoric Acid, Phosphates & Fertilizers Experts

Yara reports improved margins in a slow off-season market

Oslo, 8 February 2019: Net income after non-controlling interests was USD 157 million (USD 0.58 per share), compared with USD 104 million (USD 0.38 per share) a year earlier. Excluding currency effects and special items, the result was USD 0.60 per share compared with USD 0.49 per share in the fourth quarter 2017. Yara’s Board of Directors will propose to the Annual General Meeting a dividend payment of NOK 6.50 per share for 2018.

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Outotec makes EUR 110 million provision relating to the ilmenite smelter project

Outotec has made a EUR 110 million provision for possible costs relating to the ilmenite smelter project in Saudi Arabia (Stock Exchange Releases on May 31, 2012; October 26, 2018; and October 30, 2018). The currently estimated provision is based on progress made with the analysis of the furnace. The provision is booked in Outotec’s fourth quarter 2018 result.

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Nutrien Announces Agreement to Purchase Actagro

LOVELAND, Colo.–(BUSINESS WIRE)– Nutrien Ltd. (Nutrien) announced today that it has entered into a definitive agreement to purchase 100 percent of the equity of Actagro, LLC (Actagro), a leading developer, manufacturer and marketer of environmentally sustainable soil and plant health products and technologies. Actagro’s premier commercial portfolio includes approximately 30 specialty products that have a strong track-record of increasing crop productivity and financial returns for growers.

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Fertilizer Demand in Brazil to Increase 3.2% Annually Through 2022

January 28, 2019 (Investorideas.com Newswire) Demand for fertilizer in Brazil is forecast to climb 3.2% per year to 18.6 million metric tons (nutrient basis) in 2022. Gains will be among the fastest in the world, benefiting from increases in agricultural production and increased application of fertilizer per hectare. Brazil has a large agricultural industry, as well as ample unused arable land that is increasingly being cultivated. However, this land tends to be nutrient-poor, requiring greater amounts of fertilizer. These and other trends are presented in Global Fertilizers, a new study from The Freedonia Group, a Cleveland-based industry research firm.

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