Over the past few years we've seen several companies slightly pivot to divesting assets and operations to focusing on their core operations. Part of this has been due to the impact of global inflation and global rate hikes, which put pressure on emerging markets. In its latest investor presentation, NTR noted it is pursuing the divestiture of retail assets in Argentina, Chile, Uruguay, and is focusing on investing in its core retail businesses and enhancing low-cost North American fertilizer production assets. In business, pivoting and re-prioritizing focus can be key to staying nimble and capitalizing on opportunities as they present themselves. We feel this business optimization can be beneficial for the company, and it continues to be a large player in the crop input market.
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