Top Fertilizer Producer Mosaic Sees Massive Price Surge Continuing
- Nutrien raises guidance, Mosaic sees ‘upward’ price trend
- North American fertilizer index more than doubled this year
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Two of the world’s top fertilizer producers expect the crop-nutrient price surge will continue.
Nutrien Ltd., the world’s largest crop-nutrient supplier, raised its full year guidance Monday as it forecast strong crop prices will support fertilizer spending. Prices for potash -- a key soil nutrient rich in potassium -- continue to increase in all key markets driven by record demand and strong grower margins, the company said Monday in a statement.