Last week The Mosaic Company requested the initiation of countervailing duty investigations into imports of phosphate fertilizers from Morocco and Russia.
Yara has committed 40 000 t of fertilizer, agronomic expertise and digital enablement to smallholder farmers in a public-private partnership supported by the UN World Food Program, the Norwegian government and African institutions.
The company is claiming that large volumes of unfairly subsidised imports from Morocco and Russia are causing significant harm to its operations.
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The company's consolidated net profit after tax for the quarter ended 31 March 2020 was US$30.8 million, compared to US$14.58 million in the quarter ended 31 March 2019.
The company recorded a net loss of CAN$0.4 million in 1Q20, compared to a loss of CAN$0.6 million in 1Q19.
The company's Fertilisers Asia Pacific segment recorded an EBIT loss of of AUS$9.9 million, an improvement from a loss of AUS$32.5 million in HY19.
Prayon has acquired the intellectual property, including patents portfolio and process know-how, of Ecophos s.a., which filed for bankruptcy earlier in March.