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Nutrien plans to produce 18 million metric tons of potash annually by 2025, a 40% increase over its 2020 capacity. Russia and Belarus supplied about 35% of world potash in 2020, and sanctions have made that supply harder to access.
Buyers that relied on Russia and Belarus are turning to Canada.
Sanctions-driven loss of Russian and Belarusian potash is shifting trade flows toward Canada, supporting Canadian export demand. The expansion offsets some of the tightness over time, which weighs on potash prices in the long run.
doi.orgMatt BloisJun 17, 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.
