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Nutrien reported flat Q2 net earnings of $1.22 billion on sales of $10.8 billion. Its potash segment set record first-half production and sales volumes, with H1 sales up 0.8% to 7.45Mt.
The company cited low inventories and favourable potash affordability in offshore markets.
Strong offshore demand and low producer inventories support potash prices for buyers of potash-based fertilizer. Record volumes from the largest producer show supply is not constraining the market.
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