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Nutrien's new CEO Mayo Schmidt said the company will keep its strategy of supporting potash prices over maximizing volume. Nutrien has five million tonnes of idle capacity but does not expect to restart it this year after Canadian weather delayed shipments.
Nutrien's restraint on restarting idled capacity signals that potash supply will stay tight, supporting higher fertilizer prices for farmers.
miningweekly.comReutersMay 4, 2021Not 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.
