Nutrien sticks to fertilizer expansion plan despite farmers balking at high prices

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEIA20NL_L.jpg

WINNIPEG, Manitoba (Reuters) – Nutrien (NYSE:NTR) Ltd, the world’s biggest fertilizer producer, intends to follow through on plans to expand production capacity of potash and nitrogen, despite a sharp pullback in potash demand due to high prices, its chief executive said on Thursday.

“We view this as a temporary lull and our confidence in the outlook for the fundamentals of our business has not changed,” CEO Ken Seitz said on a conference call.