Nutrien Financial News
03.05 / 20:49
29.06 / 07:01
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shock
Top fertiliser maker says ‘Black Swan’ jolts are finally easing
fertiliser demand is just now starting to stabilise from seismic shocks of the past few years that left the company with wild profit swings. “We’re getting back at least to a market that we would call stable,” Nutrien Ltd. Chief Executive Officer Ken Seitz said Wednesday in an interview at Bloomberg’s headquarters in New York. Black Swan-like events — unanticipated calamities that pull markets into a tailspin — upended the typical cycles of the market, the CEO said. Russia’s 2022 invasion of Ukraine disrupted global fertiliser shipments and pushed prices — and Nutrien earnings — to record heights. But as farmers and retailers balked at the sticker shock, demand tumbled.
15.01 / 18:37
12.07 / 04:59
COST
MET
Manufacturing
Nutrien
World's top fertiliser producer cuts output on 12th day of Canada port strike
fertiliser producer Nutrien Ltd cut production on Tuesday, citing the impact of a 12-day-old strike in Canada's Pacific ports whose cost has now ballooned to an estimated C$6 billion ($4.5 billion). Some 7,500 dock workers represented by the International Longshore and Warehouse Union (ILWU) walked off on July 1 after failing to agree a new wage deal with the British Columbia Maritime Employers Association (BCMEA).
03.05 / 15:03
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