# Potash producer Nutrien eyes expansion as BHP ponders entry

> Nutrien, the world's largest potash producer, said it is evaluating adding 5 million tonnes of annual capacity after 2023 through expansions of existing Canadian mines. It plans to restore about 5 million tonnes of idled capacity by 2023, reaching 18 million tonnes. The company also noted BHP is considering entry into potash.

- Date: 2019-05-28 · published 2019-05-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/59404-potash-producer-nutrien-eyes-expansion-as-bhp-ponders-entry
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Idled capacity returning and possible expansions add future supply, which is bearish for potash prices over the longer term. Feed buyers should watch fertilizer costs that feed into crop prices.

## Read by commodity

- POTASH: bearish ▼

## Sources

- mining.com: https://www.mining.com/web/potash-producer-nutrien-eyes-expansion-bhp-ponders-entry/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.