Nutrien expects potash demand growth in China and India to cool down
Published by David Rowlands,
The company reportedly added that higher input costs would decrease phosphate and nitrogen margins.
Nutrien stated that it is expecting full-year EBITDA of $3.2 billion – $3.7 billion, and earnings per share of between $2.10 and $2.60. According to Reuters, Nutrien’s Chief Executive, Chuck Magro, noted that, after the merger, Nutrien achieved $40 million in run-rate synergies and is now focused on attaining $500 million in yearly merger synergies by the end of next year.
Reuters reports that Nutrien’s acquisition of Agrichem in January this year would help it to establish itself in Brazil, which is expected to drive crop prices in the next few months.
The company also reportedly added that Agrium’s 4Q17 earnings decreased from $67 million a year earlier to just $18 million. Agrium’s total sales increased, however, to $2.45 billion (9.5% increase). In addition to this, PotashCorp’s sales increased to $1.08 billion (an increase of 2%).
Read the article online at: https://www.worldfertilizer.com/potash/13022018/nutrien-expects-potash-demand-growth-in-china-and-india-to-cool-down/
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