Positive Growth in U.S. Retail Fertilizer Sales
U.S. retail fertilizer sales volumes were up 8% in April compared to the same period in 2024, driven by strong fertilizer application rates and an anticipated 5% increase in corn acres in 2025.
Potash Market Strengthening
Global potash supply and demand fundamentals have strengthened significantly, with spot market prices increasing by 10% to 20% since the beginning of 2025. Canpotex is fully committed for the second quarter due to strong demand.
Cost-Saving Achievements
Nutrien is on track to achieve $200 million in consolidated annual cost savings by 2025, one year earlier than originally planned. Planned capital expenditures are down more than $500 million compared to 2023 levels.
Successful Divestiture of Non-Core Assets
Nutrien divested its remaining position in Sinofert, realizing total proceeds of $223 million. This supports the ability to deploy capital towards high-conviction priorities.
Encouraging Progress in Brazil
Nutrien is demonstrating greater stability in Brazil supported by margin improvement plans, focusing on cost savings, headcount reduction, and proprietary products.