Q: Nutrien (NTR:CA) shares have steadily dropped about 43% over the last 3 years, so what is the prognosis going forward?
I'm missing something.
Since the USA apparently buys approximately 85-90% of their potash from Canada and the alternative supply is overseas, isn't this a captive market?
Why doesn't Nutrien (assuming it to be the biggest potash player in Canada) increase the price to build value and increase the share price?
I'm missing something.
Since the USA apparently buys approximately 85-90% of their potash from Canada and the alternative supply is overseas, isn't this a captive market?
Why doesn't Nutrien (assuming it to be the biggest potash player in Canada) increase the price to build value and increase the share price?
5i Research Answer:
The US does heavily rely on Canadian potash, with NTR being a major supplier. Its strong market...