Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)

Nutrien to further boost potash output amid global shortage

Company will also speed up nitrogen capacity boosts

Reuters — Nutrien, the world’s largest fertilizer producer, said Thursday it will increase its Canadian potash production by 20 per cent to an annual 18 million tonnes by 2025, helping to address tight supplies that have contributed to a global food shortage. Potash prices have soared since the West imposed sanctions against Russia for Moscow’s





(Nutrien video screengrab via YouTube)

Nutrien bolsters profit forecast on surging fertilizer prices

Fertilizer sector set for biggest profits in years

Reuters — Nutrien Ltd. on Monday raised its full-year earnings forecast well above estimates after posting a more than 10-fold jump in first-quarter profit, as the world’s largest fertilizer company benefits strongly from soaring prices of crop nutrients. Prices of essential crop nutrients such as potash and phosphate skyrocketed in the quarter, touching near-record levels,

China sees little impact from sanctions on potash exports

China sees little impact from sanctions on potash exports

Sanctions on exports of potash fertilizer from Belarus and Russia are not impacting supply in China, an executive from state-owned fertilizer maker Sinofert Holdings said, due to sufficient domestic stocks. Belarus and Russia are among the world’s top three producers of potash, and China is a major importer. Exports from Belarus were sanctioned by Washington


(Dave Bedard photo)

Saskatchewan budget aims to spur ag investment

Potash, crude oil resource revenues help cut deficit

Sweetening existing tax credits on big-ticket investments, and setting up a new Crown corporation to support Indigenous investors, are among the items expected to help encourage new value-added ag projects in Saskatchewan’s latest budget. Provincial Finance Minister Donna Harpauer on Wednesday released her 2022-23 budget with $17.6 billion in expenditures on $17.2 billion in revenues,

(Nutrien video screengrab via YouTube)

Nutrien to produce ‘most potash ever’ in 2022

Company to ramp up production in response to Ukraine conflict

The world’s biggest potash-producing company is set to produce more potash in 2022 due to “uncertainty of potash supply” coming out of Eastern Europe. Saskatoon-based Nutrien, which has an estimated 20 million tonnes of potash-mining capacity across six mines in Saskatchewan, said Wednesday it plans to boost its output for 2022 to 15 million tonnes,


(File photo by Dave Bedard)

Canadian and U.S. shippers brace for possible CP strike

Strike notice not yet given

Winnipeg | Reuters — Thousands of workers at Canada’s second-biggest railway, Canadian Pacific Railway, have threatened to strike this week, potentially disrupting the movement of grain, potash and coal at a time of soaring commodity prices. The strike is the latest risk to Canada’s battered supply chain, which last year weathered floods in British Columbia