Nutrien Profit Rises on Strong Nitrogen and Phosphate Sales
Nutrien reported a first-quarter profit of $139 million as nitrogen and phosphate sales climbed. Higher fertilizer prices and tight supplies supported margins.
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NUTRIEN LTD reported first-quarter net income of $139 million on Wednesday evening, driven by surging nitrogen and phosphate sales. The result marks a sharp increase from $19 million profit in the same period last year. Tightening global fertilizer supplies supported margins as geopolitical conflict in the Middle East constrained nitrogen availability.
