Nutrien expects crop fundamentals to remain tight - Raymond James
09/06/2022 12:32
** Brokerage Raymond James says fertilizer producer Nutrien
Ltd NTR.TO expects near-term crop fundamentals to remain
tight, given historically low global inventories and ongoing
supply disruptions wrought by the Russia-Ukraine conflict
** Brokerage says NTR held a short market outlook session on
Wednesday to review recent macro events and the company’s
broader market outlook for agricultural and fertilizer markets
** Raymond James says NTR pointed to heightened sensitivity
to current crop conditions and made the case for extended
structural tightness, underpinned by escalating production
constraints and powerful demand drivers
** NTR expects global potash supply uncertainty to persist
near term with the most acute constraints to be felt in 2H22,
says brokerage
** NTR to hold Investor Day on Thursday
(Reporting by Arunima Kumar in Bengaluru)
((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))