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Nutrien, the world's largest fertilizer producer, said it plans to raise potash output by nearly 1 million tonnes this year to about 15 million tonnes. The increase is a response to uncertain supply from Eastern Europe, where Russia and Belarus are the second- and third-largest potash producers.
Added Canadian potash supply partly offsets lost Russian and Belarusian tonnes, which could ease some upward pressure on fertilizer prices. Feed buyers face a more balanced but still tight nutrient market.
reuters.comMar 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.
