NTR - Nutrien Gains on Strong Demand Amid Pricing Woes | Benzinga
Nutrien Ltd. (NYSE: NTR) is expected to gain from higher demand for crop nutrients, its actions to reduce costs and strategic acquisitions. However, weaker fertilizer prices are likely to weigh on its performance.
Nutrien, which is a prominent player in the fertilizer space along with The Mosaic Company (NYSE: MOS), CF Industries Holdings, Inc. (NYSE: CF) and Intrepid Potash, Inc. (NYSE: IPI), is well-placed to benefit from increased demand for fertilizers, backed by the strength in global agriculture markets. It is seeing strong demand in its major markets, particularly North America. It delivered record potash sales volumes in the fourth quarter of 2023 on solid demand in North America and increased offshore sales.
Strong grower economics, improved affordability and low inventory levels are expected to drive potash demand globally. The phosphate market is also benefiting from higher global demand and low producer and channel inventories. Demand for nitrogen fertilizer also remains healthy in major markets. Global nitrogen requirement is being driven by demand in North America, India and ...