# Nutrien misses quarterly profit estimates as potash prices plummet

> 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.

- Date: 2023-11-01 · published 2023-11-01T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/33507-nutrien-misses-quarterly-profit-estimates-as-potash-prices-plummet
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- POTASH: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/nutrien-misses-quarterly-profit-estimates-potash-prices-plummet-2023-11-01/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.