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Nutrien said it will sharply cut its offshore phosphate rock imports from OCP, mainly by converting its Redwater facility to ammonium sulphate and raising output at its US plants with integrated rock supply. A small amount of rock will still be needed for its Georgia facility, pending a review expected before fall.
Lower demand from a major North American buyer for OCP phosphate rock could weigh on rock export prices, but the volumes involved are modest and the decision is still partly open.
business-humanrights.orgRichard D. Downey, NutrienJun 15, 2018Not 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.
