News
DigiAgri to Distribute AgroCare Products in KSA:
Posted: October 5th 2012. Source: Company News.
AgroCare Canada, Inc. has appointed DigiAgri, a Saudi agriculture marketing company as an authorized distributor in Saudi Arabia for its line of fertilizer products.
USDA Crop Report Tough on Corn, Up for Soybeans:
Posted: January 11th 2013. Source: United States Department of Agriculture.
The USDA’s most recent release crop report indicated stronger results than were forecast in October. After a number of significant yield expectation downgrades throughout the season, corn seems to have settled around 122 bushels per acre, with the November estimate at 122.3. While up slightly from the October forecast, this will remain the lowest yield level since 1995 if realized. Soybean yields are expected to average 39.3 bushels per acre, which represents a 4% increase from October’s estimate, but remains significantly lower than last year. Contrary to many crops which have suffered this year, cotton yield is expected at 802 pounds per acre, up 12 pounds over last year.
Acron 'Optimistic' Over World Fertilizer Demand:
Posted: January 18th 2013. Source Agrimoney.
Acron said it was "optimistic" over demand prospects, at a time when its fertilizer inventories have swollen by 27%, as it overcame rising raw material prices to unveil forecast-beating earnings.
The Russian producer of nitrogen-based and compound fertilizers acknowledged a "slight in dip" in prices of nutrients in the latter months of last year, "due to the off-season in most countries".
However, the group said its expectations for the first three months of 2013 "are optimistic, since current prices on agricultural products are fairly high, stimulating growers in most parts of the world to use more fertilizers while prices remain acceptable".