Nov 1 (Reuters) - Nutrien (NTR.TO) fell short of analysts' estimates for third-quarter profit on Wednesday, as lower potash prices weighed on the world's biggest fertilizer producer.
Potash prices have been falling after shipments from Belarus and Russia resumed.
Demand for fertilizers was also weak during much of the year, analysts have said, as farmers waited for prices to settle down.
Potash prices averaged $250 per tonne during the reported quarter, the company said, compared with $633 per tonne a year earlier.
Nutrien said potash sales volumes, however, climbed 23% on strong sales in North America.
Persons:
Steve Byrne, Nutrien, Sourasis Bose, Sriraj
Organizations:
BofA Global, Thomson
Locations:
Belarus, Russia, Ukraine, U.S, North America, Borger, Bengaluru