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Nutrien, the world's largest potash producer by capacity, has 8.1 million t of idled capacity it can bring back to defend its market share if BHP enters potash with its Jansen mine. Nutrien CEO Chuck Magro said the company will balance higher prices against keeping competitors out.
BHP has delayed committing capital to Jansen because of soft prices.
A potential new entrant would add supply and could cap potash price gains, while Nutrien's willingness to release idle tonnes limits how far prices can rise.
worldfertilizer.comNicholas WoodroofAug 21, 2018Not 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.
