# New Nutrien CEO to carry out current strategy, focus on potash price

> 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.

- Date: 2021-05-04 · published 2021-05-04T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/47423-new-nutrien-ceo-to-carry-out-current-strategy-focus-on-potash-price
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Nutrien's restraint on restarting idled capacity signals that potash supply will stay tight, supporting higher fertilizer prices for farmers.

## Read by commodity

- POTASH: bullish ▲

## Sources

- miningweekly.com: https://www.miningweekly.com/article/new-nutrien-ceo-to-carry-out-current-strategy-focus-on-potash-price-2021-05-04

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