Canadian-based fertilizer giant, Nutrien said on Monday it will sell its 50 per cent stake in Argentina-based nitrogen producer Profertil for $600 million, as the world's top potash producer shifts focus away from South America.

Deal expected to close before year-end
Low U.S. corn profitability big threat to phosphate demand, analyst says
Sluggish production blamed on adverse weather conditions and high input costs that lead to reduced fertilizer use