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Nutrien, the world's largest fertilizer producer, said it will raise its Canadian potash output by 20% to 18 million tonnes a year by 2025. The company is responding to tight supplies after Western sanctions on Russia and Belarus.
Russia and Belarus are the second- and third-largest potash producers, with Canada ranked first.
Added Canadian capacity eases the medium-term potash shortage that has pushed prices up, so the longer-run price pressure is bearish. Near term, supply remains constrained and prices stay firm.
reuters.comRithika KrishnaJun 9, 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.
