Nutrien: Demand From European Winter And Brazilian Summer
Summary
- Recent European agrochemicals production cuts increased the demand for fertilizer imported from North America, which allows Nutrien to plow deeper into Europe.
- Southern Hemisphere spring sowing starts in September, facilitating sales through the retail network in Brazil.
- Nutrien will leverage its extensive distribution network to navigate current global supply chain challenges.
- I believe the tight fertilizer supply will persist longer than expected. Nutrien's production expansion plan will fully take advantage of this opportunity.
- Thus, I rate Nutrien as a buy.
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