Fertilizer supplier Nutrien's CEO Ken Seitz expressed confidence in the 2026 fiscal year despite challenges for US farmers, citing robust fertilizer demand and strong sales. The company's shares surged 35.85% in 2025, closing at $72.76 on February 24, after reporting full-year sales of $17.62 billion. Overseas buyers should note Nutrien's strategic adjustments in Brazil and Trinidad, which may impact global potash and nitrogen supply dynamics.
US market outlook and farmer support
Brazil retail restructuring and potash strategy
Nutrien is undertaking a "deep reflection" on its Brazil operations, launching a profit improvement plan that includes closing retail outlets and idling blending facilities. Despite these cuts, the company will continue selling potash and proprietary crop nutrition products in Brazil, where arable land is expected to grow 2% this year. Seitz indicated that decisions on the necessity of retail presence in Brazil will be made within the year.
Trinidad nitrogen operations shut down
Nutrien conducted a controlled shutdown of its Trinidad nitrogen facility at Point Lisas on October 23, 2025, due to government port restrictions and a lack of reliable, economical natural gas supply. Seitz confirmed ongoing discussions with the Trinidad government regarding port fees, access, and gas costs, but no agreement has been reached. The company's supply chain has compensated for the lost capacity, with other operations running at over 90% utilization to meet customer demand.
What buyers should watch
Global fertilizer buyers should monitor Nutrien's Brazil retail restructuring, which could affect local potash distribution channels. The Trinidad nitrogen facility closure may tighten ammonia and urea supply in the Americas, though Nutrien claims its overall supply chain remains robust. Additionally, US farmer confidence and government aid programs will likely sustain fertilizer demand into 2026, supporting prices for potash and nitrogen products.
Source: Read the original report | Published: February 26, 2026