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Nutrien beats on profit, boosts earnings outlook as crop and fertilizer prices climb


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WINNIPEG, Manitoba Canada’s Nutrien Ltd, the world’s biggest fertilizer producer by capacity, raised its full-year profit guidance and swung to a bigger than expected quarterly profit on Monday, as crop prices climb.
Prices of potash, Nutrien’s core crop nutrient, have risen this year in Brazil and the United States. Higher prices of corn and canola give farmers more incentive to apply fertilizer to maximize production.
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Canadian fertilizer producer Nutrien to cut greenhouse gas emissions 30% by 2030


Canadian fertilizer producer Nutrien to cut greenhouse gas emissions 30% by 2030
09 Apr 2021 / 12:06 H.
FILE PHOTO: FILE PHOTO: A general view of Nutrien s Cory potash mine is seen near Saskatoon, Saskatchewan, Canada August 12, 2019. –Reuters
APRIL 8: Canada s Nutrien Ltd, the world s largest fertilizer producer by capacity, said on Thursday it aimed to cut greenhouse gas emissions by at least 30% by 2030, in a plan costing the company up to $700 million.
Agricultural companies, including Mosaic and Corteva , have set carbon emissions targets as climate-conscious investors push firms to become more environmentally friendly.
Nutrien plans to spend $500 million to $700 million to meet the carbon emissions target, which includes cutting emissions from nitrogen production by 1 million tonnes of carbon dioxide equivalent annually by the end of 2023. ....

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UPDATE 1-Potash fertilizer producers eye surging demand but keep lid on supplies


2/18/2021
By Rod Nickel
WINNIPEG, Manitoba, Feb 18 (Reuters) - Global sales of
potash fertilizer look to hit record highs this year, helped by
a spike in crop prices, but cautious North American producers
are keeping a lid on supplies.
Canada s Nutrien Ltd and U.S.-based Mosaic Co
have benefited as crop prices climbed to multi-year
highs, helped by strong Chinese demand.
We believe there is a cyclical recovery in agriculture
underway, Nutrien Chief Executive Chuck Magro said on a
conference call.
As crop prices rise, farmers have greater incentive to apply
fertilizer and maximize yields.
Nutrien predicts the largest U.S. corn plantings in five ....

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