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  5. NTR: Do you think Nutrien's management has lost its way? [Nutrien Ltd.]
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Investment Q&A

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Q: Do you think Nutrien's management has lost its way? It seems to be groping around for a strategy in South America, and is having a lot of top management turnover. Molson got badly burned in Brazil years ago because they didn't understand the Brazilian market; is the same thing happening to NTR?
Asked by Jack on August 30, 2024
5i Research Answer:

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.