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Nutrien, the world's largest fertilizer producer, missed third-quarter profit estimates as potash prices fell. Potash averaged $250 per tonne in the quarter, down from $633 a year earlier.
Sales volumes still rose 23%, led by North America.
Resumed potash shipments from Belarus and Russia have increased supply and pushed prices lower, which weighs on farm input costs and producer margins across the sector.
reuters.comNov 1, 2023Not 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.
