Loading…
Canpotex, the Saskatoon-based potash exporter, is opening its first Brazilian office in Sao Paulo as part of a $1-billion investment to expand sales in South America. Brazil is the world's largest potash importer, and Vale exited the fertilizer business by selling its division, including the largest Brazilian potash mine, to Mosaic for US$1.4 billion.
A stronger Canpotex sales push in Brazil and Mosaic's consolidation of Vale's potash assets shift competitive dynamics in the largest importer's market, which can affect potash supply terms and farm input costs for livestock feed producers.
theglobeandmail.comAndrew WillisApr 22, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
