Canadian fertilizer company Agrium Inc reported a 72 percent decline in quarterly profit on Thursday as crop nutrient prices fell and nitrogen sales volumes weakened.Calgary, Alberta-based Agrium, the third-largest global producer of nitrogen and a major North American potash producer, said crop nutrient sales had slipped due to cold weather during a period when U.S. farmers usually apply fertilizer to fields after harvest.Grain prices dropped off year-over-year, taking fertilizer prices down with them. Global potash prices were further thrown into a tailspin last year after Russia's Uralkali OAO broke away from its joint venture with Belaruskali in July, sparking competition between producers that had previously maintained a high discipline on pricing.Net earnings for Agrium's fourth quarter fell to $99 million, or 66 cents per share, from $354 million, or $2.34 per share, a year ago.
Agrium Inc. (Agrium) is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU traded higher by 0.79% or $0.7/share to $88.78. In the past year, the shares have traded as low as $77.19 and as high as $107.37. On average, 741307 shares of AGU exchange hands on a given day and today's volume is recorded at 678221.
Agrium Inc. (Agrium) is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU traded higher by 1.04% or $1.02/share to $98.65. In the past year, the shares have traded as low as $83.46 and as high as $110.21. On average, 407477 shares of AGU.TO exchange hands on a given day and today's volume is recorded at 693282.
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