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Nutrien sticks to fertilizer expansion plan despite farmers balking at high prices By Reuters

© Reuters. FILE PHOTO: An interior view of the storage warehouse is seen at Nutrien’s Cory potash mine near Saskatoon, Saskatchewan, Canada August 12, 2019. REUTERS/Nayan Sthankiya
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WINNIPEG, Manitoba (Reuters) – Nutrien (NYSE:) Ltd, the world’s biggest fertilizer producer, intends to follow through on plans to expand production capacity of potash and nitrogen, despite a sharp pullback in potash demand due to high prices, its chief executive said on Thursday.

“We view this as a temporary lull and our confidence in the outlook for the fundamentals of our business has not changed,” CEO Ken Seitz said on a conference call.

Story Credit: investing.com

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