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Nutrien CEO Ken Seitz said tight global nitrogen and potash supplies will persist into 2023 as demand rises from exporters maximizing yields to offset reduced Ukrainian output. Nutrien plans to lift Saskatchewan potash output to 18 million tonnes a year by 2026.
Persistent tight nitrogen and potash supply keeps fertilizer costs elevated for feed grain producers, while the planned potash expansion signals future supply relief that could cap prices later.
producer.comBrian CrossFeb 23, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
