CF Industries and Nutrien report sales jumps as Iran war disrupts supplies
Updated
Updated · Bloomberg · May 6
CF Industries and Nutrien report sales jumps as Iran war disrupts supplies
12 articles · Updated · Bloomberg · May 6
Each posted nearly 20% quarterly sales growth, while CF's earnings per share more than doubled and Nutrien's adjusted per-share earnings more than quadrupled.
The North American producers benefited from higher nitrogen fertilizer prices as the war upended supply chains for crop nutrients used on US corn and soy fields.
CF is based in Illinois and Nutrien in Canada; despite its profit surge, Nutrien's adjusted earnings still missed analyst estimates.
As war creates a windfall for fertilizer giants, what is the true cost to global food security?
Could new on-farm tech break agriculture's risky dependence on fossil fuels and distant wars?
The Hormuz crisis exposed global food chain fragility. What unforeseen shock could be next for farmers?