Fertilizers
Overview
The fertilizer industry has seen dramatic changes in market dynamics, with challenges posed by policy and regulatory changes, political instability, conflicts and new macroeconomic realities. The drive towards energy transition and ambitious zero-carbon goals has also opened up the industry to new entrants and new opportunities.
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Mosaic Sask operations to be unfazed by earthquake
Mosaic Sask operations to be unfazed by earthquake
Houston, 3 November (Argus) — A minor earthquake that occurred earlier today near US fertilizer producer Mosaic's potash Esterhazy operations in Saskatchewan is not expected to affect the mine's production. Seismic activity on Tuesday morning was felt near the producer's Esterhazy location in a mined-out area of the K3 mine, but all employees are accounted for, and safety inspections have been completed, Mosaic said. The Canadian government reported the 3.4 magnitude earthquake on Tuesday, calling it a "suspected mining-induced event". "Mining induced seismic activity in this area is common, and our facilities are engineered with seismic loading in mind," Mosaic said. "While the recent event occurred far from current mining areas and presents no immediate safety concerns, we continue to advance our understanding of the geological properties of the K3 ore body and will work with external experts to review seismic activity," it added. Mosaic's Esterhazy operations received attention late last year following a worker fatality resulting from a mine collapse at the K3 underground mine. The Esterhazy site has a nameplate capacity of 7.8mn metric tonnes/yr of potash and three mines — K1, K2 and K3 — with K3 completed in 2022. By Taylor Zavala Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Hormuz oil flows down on the month
Hormuz oil flows down on the month
New York, 2 November (Argus) — Oil flows through the strait of Hormuz fell in October from the month prior amid heightened attacks from Iran against commercial traffic in the region, but flows remained up from August. Combined crude oil and refined product flows through the strait of Hormuz stood at around 10.3mn b/d, split between 8.5mn b/d of crude and 1.8mn b/d of refined products, according to preliminary Vortexa data. This is down by 13.2pc from September when combined exports reached 11.85mn b/d, but up by 28pc from August. Flows through the strait remain below their pre-war average of around 14.5mn b/d of crude and around 4.75mn b/d of refined products in the first three months of the year, per Vortexa data. Attacks by Iranian forces against tankers have failed to deter some shipowners and national fleets from operating in the area, with the risks for some outweighed by record-high freight rates for tankers exiting the strait of Hormuz. The cost to ship crude from the Mideast Gulf to Asia through the strait of Hormuz on a very large crude carrier stood at $37.30/bl on Monday, the highest level since Argus began assessing the route in 2016 and over four times higher than its pre-Iran war high. Iranian forces attacked over 30 vessels around the Mideast Gulf, strait of Hormuz and Gulf of Oman in October, the highest level since the conflict broke out at the end of February following joint US-Israeli strikes on Iran. The UK Maritime Trade Organization reported three attacks taking place between the strait of Hormuz and the Mideast Gulf on 1 November alone. Increased attacks from Iran against shipping in the area precede a period of anticipated military escalation between the US and Iran after the US' 3 November midterm elections . By Charlotte Bawol Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Singapore backs nutrient efficiency for food resilience
Singapore backs nutrient efficiency for food resilience
Singapore, 30 October (Argus) — Singapore is stepping up investment in nutrient efficiency and resource-recycling technologies as part of efforts to strengthen food resilience and support more sustainable agricultural production across southeast Asia. The government has invested more than S$300mn ($234mn) in agri-food research and development since 2019 and this week committed a further S$138mn under its Research, Innovation and Enterprise (RIE) 2030 programme, including a newly dedicated food-resilience pillar, Singapore Food Agency deputy chief executive Leong Der Yao said at the Singapore Shizuoka Agri-Food Forum (SSAFF) 2026. Singapore's Urban Solutions and Sustainability Innovation and Enterprise Office (USSIEO) also launched a S$40mn translation fund in February to accelerate commercial deployment of publicly funded technologies, including solutions applicable to agriculture and aquaculture. The forum also showcased innovative ways to develop and increase the adoption of biostimulants and other speciality fertilizers to achieve higher nutrient efficiency. The emphasis on nutrient recovery, water recycling and precision farming reflects growing interest in technologies that can support fertilizer-use efficiency while reducing environmental losses. With limited agricultural land, Singapore is increasingly pursuing regional partnerships that combine technology, training and standards development with production capacity in neighbouring countries. Projects under discussion include agricultural and aquaculture initiatives in Brunei, Bangladesh and other southeast Asian markets. Industry participants said the model could support wider adoption of precision irrigation, nutrient-management systems and circular agriculture practices, potentially lifting demand for higher-efficiency and specialty fertilizer products. Examples highlighted at the forum included a pineapple project in Malaysia's Sarawak state that converts agricultural waste into biochar, bioenergy, fibre and carbon credits, and proposals to integrate aquaculture with mangrove conservation in Brunei. These initiatives underscore Singapore's strategy of exporting agri-food technology and production models regionally rather than scaling domestic output alone. For fertilizer markets, the trend points to growing regional interest in nutrient-efficiency solutions, recycled nutrient streams and specialty products designed to maximise yields while limiting nutrient losses. By Huijun Yao Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Iran downplays latest US overture
Iran downplays latest US overture
Washington, 29 October (Argus) — Iran has confirmed receiving a diplomatic missive from US vice president JD Vance but is restating its conditions for allowing free navigation through the strait of Hormuz. Neither Tehran nor Washington disclosed the content of Vance's letter or explained its timing. President Donald Trump on Wednesday presented the message as Vance's initiative, which, Trump said, had to do with providing "help with medical supplies and various things". Vance addressed his letter to Iran's supreme national security council secretary Mohsen Rezaei, according to Iranian news agency Tasnim. Rezaei has yet to respond to the letter, but Tehran would insist on the US' consent to the conditions set for allowing free navigation through Hormuz, said Tasnim, which is affiliated with Iran's Islamic Revolutionary Guard Corps. Iran's conditions effectively restate, and demand implementation, of the concessions Trump agreed to in June under a briefly-lived Memorandum of Understanding with Iran. Tehran is eyeing repatriation of frozen Iranian assets in foreign banks, the lifting of the US naval blockade and broad sanctions relief. The Trump administration appears to believe that those concessions are no longer plausible. The US naval blockade has chocked off Iran's crude exports since mid-July. A US military-assisted campaign has increased the flow of oil through Hormuz. But the US-sponsored maritime oil transporting operation has significantly increased freight and insurance costs for the tankers that do make it to the Gulf of Oman without being hit by Iran. The US military on Wednesday warned commercial vessels to plan for additional transit times near the strait of Hormuz and Gulf of Oman as military forces step up the blockade of Iranian ports and coastlines. Tehran says it has reasons to be wary of any diplomatic overtures from the US. Both in June 2025 and February 2026, US diplomatic outreach to Tehran set the scene for US military strikes against Iran. The White House may feel less constrained over resuming large-scale hostilities with Iran after the midterms elections, as Trump has indicated. Israel held a parliamentary election on 27 October, with interim results signaling that prime minister Benjamin Netanyahu could to remain in office in the near term, at least in a caretaker capacity. But "I don't see any possibility of what President Trump is looking for, which is a knockout punch that will essentially force the Iranians into a compromise or capitulation", Washington-based Carnegie Endowment senior fellow Karim Sadjadpour said last week. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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