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Nutrien Sees Prolonged Fertilizer Disruption from Ukraine Invasion

Conflict could result in prolonged disruptions to global supply of potash and nitrogen crop nutrients

PIXABAY
PIXABAY

Nutrien, the world's largest fertilizer producer headquartered in Saskatoon, SK, said on Tuesday that Russia’s invasion of Ukraine could result in prolonged disruptions to the global supply of potash and nitrogen crop nutrients, reports Reuters.

Interim Chief Executive Ken Seitz said Nutrien will boost potash production if it sees sustained supply problems in Russia and Belarus, the world’s second- and third-largest potash producing countries after Canada.

Nutrien expects to sell up to 14.3 million tonnes of potash this year, its most ever, and has said it is considering further expansion.

"We're going to run our plants, run them flat out," Seitz said at a BMO Capital Markets investor conference. "Could we see interruptions in exports out of Russia? Yes. Can we see plant closures? We could."

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