Despite the escalating China-US trade war which has lowered crop prices, China farmers are continuing to purchase fertiliser, according to the CEO of Nutrien, Chuck Magro. He warns that if the spat prolongs post-harvest, the situation may change as farmers can't afford to have one bad year. The head of the world's largest fertiliser company also expects demand to be strong in the fall, and has raised Nutrien's outlook for potash sales to between 12.3 million and 12.8 million metric tonnes (mt) compared with a projection back in May of 12 million to 12.5 million mt.
Despite the escalating US-China trade war which has lowered crop prices, US farmers are continuing to purchase fertiliser, according to the CEO of Nutrien, Chuck Magro. He warns that if the spat prolongs post-harvest, the situation may change as farmers can't afford to have one bad year. The head of the world's largest fertiliser company also expects demand to be strong in the fall, and has raised Nutrien's outlook for potash sales to between 12.3 million and 12.8 million metric tonnes (mt) compared with a projection back in May of 12 million to 12.5 million mt.