Nutrien sees tight nitrogen markets in 2027 as higher China urea exports only partially offset outages
NTR•Nutrien expects nitrogen markets to remain tight in 2027, with higher Chinese urea exports only partially offsetting outages. It also expects continued constraints on Middle East fertilizer exports and supply-chain disruptions from geopolitical conflicts into 2027.
1. Nitrogen market outlook
Nutrien sees tight nitrogen markets in 2027, saying higher China urea exports will only partially offset outages. The company also expects continued constriction of Middle East fertilizer exports and nitrogen and potash supply-chain disruptions from geopolitical conflicts into 2027.
2. Other company updates
Nutrien expects North American fertilizer demand to increase in 2026 due to soil nutrient drawdown. It said it is closing retail operations in three more Brazilian states, expects moderately negative EBITDA from Brazil retail in 2026, and expects to further reduce net debt by year-end.
