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New Nutrien CEO to carry out current strategy, focus on potash price

Canadian fertilizer and farm dealer Nutrien will continue its existing business strategy, including a focus on supporting global potash prices over maximizing sales, new CEO Mayo Schmidt said on Tuesday. Surging prices of corn, soybeans and canola have given North American farmers more incentive to spend on fertilizer, lifting crop nutrient prices too. Even so, Canada's biggest agriculture company hired Schmidt as CEO last month to replace Chuck Magro, who resigned.

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