Nutrien sees market chaos beyond 2022
Nutrien, the world’s largest fertilizer company, is weighing whether to increase output with supply disruptions likely extending beyond 2022.
Fertilizer prices have soared to all-time highs as Russia’s invasion of Ukraine and sanctions on Belarus have thrown a massive chunk of the world’s supply into disarray. The sanctions have the potential to create more long-lasting impacts as it will take time to rebuild the region’s export capacity and buyers look to source supplies from alternative sources, Nutrien CEO Ken Seitz said.
The company is “looking at the potential to accelerate our ramp up of potash production,” Seitz said Tuesday on the company’s first quarter earnings call. Disruptions “could last well beyond 2022”.
The Canadian company has already said it would boost potash production by about one-million metric tons in 2022 to 15-million tons, with most of the additional volume coming in the second half of the year. Russia and Belarus account for about 40% of global potash production and exports, according to Nutrien. The Mosaic also said in an earnings calls that it expects the tight potash market to extend well beyond 2022.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation