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Verde AgriTech reported Q3 2023 revenue of C$9.4 million, down from C$27.3 million a year earlier, while cash held rose to $9.3 million. Sales of its multinutrient potassium product fell to 108,000 tons from 189,000 tons.
The company cited Brazilian central bank rate cuts and stabilizing crop prices as signs of recovery.
Lower farmer working capital and weak Brazilian potassium demand reflect a tight agricultural input market, though expected rate cuts could support a demand recovery.
financialpost.comGlobeNewswireNov 15, 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.
