Nutrien Ltd, the world's largest producer of potash fertilizer, confirmed on Tuesday that it is indefinitely halting three blenders in Brazil, where it is trying to navigate difficult market conditions.
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Nutrien idles three blenders in Brazil ‘indefinitely’
Nutrien potash mine closed for investigation after fatal accident
An employee died Sunday at a Nutrien potash mine in Saskatchewan, temporarily shuttering the operation as the company conducts an investigation, the company said Monday.
Nutrien CEO sees sustainable way forward for Canadian agriculture
World’s largest crop input provider sees value in sustainable best practices
Nutrien Ag Solutions CEO Ken Seitz says Canadian farmers can be leaders in the global movement for agricultural sustainability. In a one-on one interview with Farmtario, he spoke about the company’s goals for sustainable agriculture in Canada. Why it matters: Private sector support can drive on-farm sustainability goals. Nutrien is the world’s largest provider of […] Read more
Yield challenge to tap competitive, community spirit
Nutrien Ag Solutions’ puts up $55,000 in prize money for community organization
Farmers could win bragging rights and cash for community organizations in a new yield competition from Nutrien Ag Solutions.
Nutrien misses quarterly profit estimates as potash prices plummet
Fertilizer demand expected to rise in Q4
Reuters — Nutrien fell short of analysts’ estimates for third-quarter profit on Wednesday, as lower potash prices weighed on the world’s biggest fertilizer producer. Potash prices have been falling after shipments from Belarus and Russia resumed. These exports had been significantly restricted last year following Western sanctions imposed on Russia in response to its invasion […] Read more
No plans for Nutrien to sell assets
Reuters – Canadian potash producer Nutrien is not looking to sell assets to raise capital, CEO Ken Seitz told Reuters, even as falling fertilizer prices have caused it to scrap projects and trim costs. Nutrien said Aug. 2 it would halt plans to expand potash production in Saskatchewan and end work on a clean ammonia […] Read more
Nutrien to pause potash ramp up, ammonia project on falling prices
Potash prices have eased after the resumption of shipments from major supplier Belarus
Reuters – Nutrien NTR.TO on Wednesday decided to indefinitely pause its ramp-up plans for potash production and halt work on its clean ammonia project at Geismar, Louisiana, as the world’s biggest fertilizer producer grapples with falling prices. Its U.S.-listed shares fell 2.6% in extended trading as the company cited market conditions for stopping efforts to […] Read more
Nutrien cuts output as West Coast port strike hits day 11
Longshore union, management met Monday night, source says
Ottawa | Reuters — The world’s biggest fertilizer producer Nutrien cut production on Tuesday, citing the impact of a 11-day-old strike in Canada’s Pacific ports whose cost has now ballooned to an estimated $6 billion. Some 7,500 dock workers represented by the International Longshore and Warehouse Union (ILWU Canada) walked off on July 1 after […] Read more
Fertilizer market stabilizing, say analysts and suppliers
After sky-high prices last year, uncertain markets contribute to lower costs for major inputs
Glacier FarmMedia – The rollercoaster ride may be over for fertilizer prices, says an industry executive. “After 18 months of incredible volatility, we believe the market is stabilizing,” Ken Seitz, president of Nutrien, told investors attending BMO’s Farm to Market Chemicals Conference. “Heading into the fall, we see this relative price stability for the balance […] Read more
Nutrien cuts earnings forecast after quarterly profit misses estimates
High fertilizer prices seen dragging on demand
Reuters — Nutrien Ltd. on Wednesday cut its forecast for 2023 earnings as elevated fertilizer prices owed to Western sanctions on Russia and Belarus weigh on demand. U.S.-listed shares of the company fell 3.9 per cent in extended trading Wednesday as it also reported a lower-than-expected quarterly profit. Though fertilizer prices have dipped from record […] Read more
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