Reuters — Canadian fertilizer maker Nutrien on Wednesday forecast lower-than-expected 2023 earnings and posted fourth-quarter profit below Wall Street estimates, sending shares down 2.6 per cent in extended trading. While higher fertilizer prices dented demand in early second-half of last year, a fall in prices later in the year did not boost demand as farmers […] Read more
Tag Archives nutrien — page 3
Nutrien misses profit estimates amid higher fertilizer prices
CF Industries also books lower sales
Nutrien cuts 2022 profit forecast again on lower potash prices
Reuters – Nutrien Ltd NTR.TO on Wednesday cut its full-year adjusted earnings forecast for the second time this year as potash prices decline, sending the shares of the world’s biggest fertilizer maker down nearly 5 per cent in extended trading. The company also missed third-quarter profit estimates, hurt by cooling prices of crop nutrients as farmers cut fertilizer application […] Read more
Nutrien’s interim CEO named CEO
Seitz sees 'a lot of uncertainty' continuing in market
Reuters — Canada’s Nutrien Ltd., the world’s largest potash fertilizer producer, named Ken Seitz as chief executive on Monday, removing the interim tag. Nutrien in January surprised investors by replacing its CEO for the second time in eight months. It then named Seitz, the head of its potash business, as interim CEO, replacing Mayo Schmidt. […] Read more
Nutrien buys expanded ag retail presence in Brazil
Reuters — Top fertilizer maker Nutrien on Wednesday agreed to acquire Casa do Adubo S.A., as part of its ambitions to expand its Brazilian retail business. The deal marks Nutrien’s sixth acquisition in Brazil since 2019, when it set a strategic goal to build its market share in a country that is vital to feeding […] Read more
BHP open to potash partner but still will enter fertilizer business alone
Feds put $100M toward reducing emissions at BHP site
Ottawa | Reuters — BHP Group is open to taking on a partner as it builds its first potash mine in Saskatchewan, but can also go it alone and is not currently involved in discussions with rival Nutrien, a senior BHP executive said Monday. “We are more than happy and willing to work with partners. […] Read more
Nutrien to further boost potash output amid global shortage
Company will also speed up nitrogen capacity boosts
Reuters — Nutrien, the world’s largest fertilizer producer, said Thursday it will increase its Canadian potash production by 20 per cent to an annual 18 million tonnes by 2025, helping to address tight supplies that have contributed to a global food shortage. Potash prices have soared since the West imposed sanctions against Russia for Moscow’s […] Read more
Nutrien eyes U.S. ammonia plant
Nutrien Ltd intends to build a US$2 billion plant to produce ammonia with low carbon emissions, in the sector’s latest move to meet rising global demand for clean energy. The company is evaluating a site in Louisiana for the plant, which could produce 1.2 million metric tonnes a year and capture at least 90 per […] Read more
Nutrien may further raise potash output as sanctions curb other supplies
Chicago | Reuters — Canada’s Nutrien, the world’s largest fertilizer company, is weighing further increases to potash production as sanctions continue to limit shipments from Russia and Belarus, interim CEO Ken Seitz said on Tuesday. Prices of crop nutrients such as potash have skyrocketed as sanctions against Russia for its invasion of Ukraine have disrupted […] Read more
Nutrien bolsters profit forecast on surging fertilizer prices
Fertilizer sector set for biggest profits in years
Reuters — Nutrien Ltd. on Monday raised its full-year earnings forecast well above estimates after posting a more than 10-fold jump in first-quarter profit, as the world’s largest fertilizer company benefits strongly from soaring prices of crop nutrients. Prices of essential crop nutrients such as potash and phosphate skyrocketed in the quarter, touching near-record levels, […] Read more
Nutrien to produce ‘most potash ever’ in 2022
Company to ramp up production in response to Ukraine conflict
The world’s biggest potash-producing company is set to produce more potash in 2022 due to “uncertainty of potash supply” coming out of Eastern Europe. Saskatoon-based Nutrien, which has an estimated 20 million tonnes of potash-mining capacity across six mines in Saskatchewan, said Wednesday it plans to boost its output for 2022 to 15 million tonnes, […] Read more
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