# Canada’s Nutrien eyeing expansion of nitrogen plants as prices climb - The Globe and Mail

> Nutrien, the world's largest crop nutrient producer, is studying expansions of several North American nitrogen plants because prices have climbed. CEO Chuck Magro said new plants are not justified at current prices, and some expansions may be minor. RBC expects nitrogen prices near $300/tonne at New Orleans through early 2019.

- Date: 2018-11-05 · published 2018-11-05T12:00:00.000Z
- Category: market · region North America · magnitude low
- Page: https://feedsoft.ai/events/62340-canada-s-nutrien-eyeing-expansion-of-nitrogen-plants-as-prices-climb-the-globe
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Nitrogen prices are expected to stay elevated because new capacity is limited and expansions will take time. Feed-grain buyers should expect continued high fertilizer costs into 2019.

## Read by commodity

- UREA: bullish ▲

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/canada/article-fertilizer-maker-nutrien-reports-bigger-third-quarter-loss-on/

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