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Nutrien, the world's largest potash producer, confirmed it is indefinitely halting three blending plants in Brazil. The company cited difficult market conditions and said it will rely on partners and its two remaining Brazilian blenders.
Idling blenders signals weak fertiliser demand in Brazil, a major buyer, which points to softer potash demand and prices. The company may reactivate the plants when the market stabilises.
country-guide.caAna Mano, ReutersMay 28, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
