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SAO PAULO (Reuters) -Nutrien Ltd., the world's largest producer of potash fertilizer, is mulling divestments in South America, replacing management and halting an acquisition spree in Brazil after steep losses in the region, according to sources with direct knowledge of the matter. Nutrien this year separated Brazil from the rest of its Latin American operations as it mulls the sale of Argentina, Chile and Uruguay assets in order to streamline operations in the region, two sources said. Since April 2023, at least eight senior executives or managers were fired or quit the company, includ...

By Ana Mano SAO PAULO (Reuters) -Nutrien Ltd., the world's largest producer of potash fertilizer, is mulling divestments in South America, replacing ...

SAO PAULO -Nutrien Ltd., the world's largest producer of potash fertilizer, is mulling divestments in South America, replacing management and halting an acquisition spree in Brazil after steep losses... -March 28, 2024 at 01:37 pm EDT - MarketScreener

Consultants and banks estimate that fertilizer consumption in Brazil will increase this year, with projections suggesting a range of 2.5% to 10% growth in deliveries. This increase is driven by producers’ need to replenish the volumes used in their crops as input prices have fallen.

Some 600,000 tons of fertilizer, 50% of which potash and of Russian origin were on their way to Brazil during the first week of April. Despite almost two months of war, the flow of Russian fertilizer to Brazil continues, according to consultancy StoneX.