Nutrien announces strategic actions to cut costs amid economic headwinds

Aug 3, 2023 | 12:31pm

Nutrien Ltd. is indefinitely pausing its potash production ramp-up and suspending work on its Geismar clean ammonia project after a period of “unprecedented volatility” in fertilizer markets, said chief executive Ken Seitz on Thursday. Persistent uncertainty in global crop input markets over the past 18 months have been a challenge, and helped lead to significantly […]

Nutrien Curtailing Work at Cory Potash Mine

Jul 11, 2023 | 6:16am

Its more fallout from the strike that has gripped ports in BC. Nutrien has announced it is curtailing activity at its Cory Potash Mine south west of Saskatoon. In a news release Nutrien expects full-year 2023 Potash adjusted EBITDA will fall below the bottom end of its previous guidance range due to factors impacting offshore […]

Nutrien may slow potash ramp-up plans as earnings, sales down

May 11, 2023 | 2:11pm

The CEO of Canadian fertilizer giant Nutrien Ltd. said Thursday the company may consider slowing down its previously announced plan to ramp up potash production, as falling prices and lower sales volumes take a bite out of profits. “Yes, we would consider slowing down. We’re really, as we talked about earlier this year, watching the […]

Nutrien announces net earnings of 7.7 billion dollars

Feb 16, 2023 | 12:59pm

  Saskatoon-based Nutrien has announced net earnings of 7.7 billion dollars in 2022. The profits were supported by higher fertilizer prices and record performance at Nutrien Ag Solutions, more than offsetting a reduction in fertilizer sales volumes. Nutrien’s board approved a 10 percent increase in the quarterly dividend to 53 cents per share. Nutrien expanded […]

Nutrien sees farmers boosting production in 2023

Nov 4, 2022 | 1:35pm

Saskatoon-based Nutrien sees a bright future in the coming year for its crop supply business. The latest outlook says global grain stocks to use ratio, excluding China, are expected to decline to the lowest level in more than 25 years. The drop is driven by reduced corn and wheat production expectations in the U.S. and […]

Nutrien expects continued strong demand for crop inputs this fall

Aug 4, 2022 | 2:32pm

  The latest market outlook from Nutrien says global grain stocks-to-use ratios remain well below average levels, which should continue to support crop prices. The outlook says prices for key crops like wheat, soybeans and corn are up 25 to 35 percent compared to the ten year average, providing strong incentive for farmers to increase […]

Saskatoon-based Nutrien expands in Brazil

Jul 20, 2022 | 11:44am

  Nutrien has announced purchase of a Brazilian crop company with 39 retail locations and 10 distribution centres. The acquisition is expected to result in additional run-rate sales of 400 million dollars, increasing total Nutrien Ag solutions annual sales in Latin America to 2.2 billion dollars. The acquisition expands Nutrien’s footprint in Brazil from five […]

Nutrien announces plans to expand potash production

Jun 10, 2022 | 10:03am

  Saskatoon-based Nutrien has announced plans to increase fertilizer production due to changes in global agriculture and fertilizer markets. Interim president Ken Seitz says Nutrien is accelerating the ramp-up of annual potash production to 18 million tons by 2025 in response to uncertainty of supply from Eastern Europe. This represents an increase of more than […]

Nutrien announces record profits in first 3 months of 2022

May 3, 2022 | 10:52am

  Saskatoon-based Nutrien is reporting record net earnings of 1.4 billion dollars in the first three months of 2022. Nutrien attributes the strong first quarter results to higher prices and strong retail demand, more than offsetting a reduction in fertilizer sales volumes, due to a delayed start in the North American planting season. Nutrien says […]

Mayo Schmidt departs from Saskatoon-based Nutrien

Jan 4, 2022 | 11:12am

  Saskatoon-based Nutrien has announced Mayo Schmidt has left his position as president and CEO of the crop input and services company. Executive vice president of potash, Ken Seitz, has been named the company’s interim CEO. Seitz brings extensive global leadership experience in the agriculture and mining sectors. Nutrien is the world’s largest provider of […]