The global stocks-to-use ratio for the major crops, excluding China, has been trending down since 2018, Jason Newton, Nutrien’s chief economist, told delegates attending the 24th International Farm Management Association Congress in Saskatoon.
Global crop yields have not kept up with increasing demand
Sluggish production blamed on adverse weather conditions and high input costs that lead to reduced fertilizer use
Nutrien moves on from Louisiana ammonia project amid cost cuts
Reuters – Nutrien NTR.TO on Wednesday said it was no longer pursuing its clean ammonia project in Louisiana and would also be reviewing strategic options for its stake in an Argentinian fertilizer company as it looks to rein in expenses. The top potash producer had halted work indefinitely on its clean ammonia project at Geismar, […] Read more
Nutrien idles three blenders in Brazil ‘indefinitely’
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.
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.
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 expects Canpotex facility in Portland back online by year’s end
Prices have been falling due to return of Russia and Belarus to fertilizer market
Reading Time: < 1 minute Reuters – Nutrien, the world’s biggest fertilizer producer, said it expects a Canpotex facility in Portland, Oregon, to be back online by the end of the year after suffering an outage. Canpotex, a Canadian potash marketer owned by Nutrien and Mosaic, should have full export capacity through its terminals in 2024, Nutrien said on a quarterly earnings call. A failure on a conveyor […] Read more
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
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
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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