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Nutrien plans to lift Canadian potash output by 20% to 18 million tonnes a year by 2025. The company is proceeding despite weaker demand, and the expansion is aimed at easing tight global supply tied to sanctions on Russia and Belarus.
Added Canadian capacity is a medium-term bearish factor for potash prices, though sanctions-related supply tightness limits the near-term effect.
reuters.comRod NickelNov 3, 2022Not 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.
