Nutrien plans to increase potash production this year as the war in Ukraine continues to hamper exports from Russia and Belarus. Read on.
Play Video
Looking more broadly, chief executive Ken Seitz said the conflict in Ukraine has created challenges for both Belarus and Russia, which together have accounted for 40 per cent of global potash production. The result is immediate and long-term effects on the market, Seitz said. More immediately, he said Russian production would decline 15 to 30 per cent in 2023, while Belarusian production would decline 40 to 60 per cent. Already, he cited reports that Belarusian production had declined 50 per cent in recent months due to challenges shipping out of tidewater ports in Ukraine.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nutrien ramping up production as Ukraine conflict creates 'room in the market': CEONutrien plans to increase potash production this year as the war in Ukraine continues to hamper exports from Russia and Belarus. Read on.
Read more »
Nutrien ramping up production as Ukraine conflict creates 'room in the market': CEONutrien plans to increase potash production this year as the war in Ukraine continues to hamper exports from Russia and Belarus. Read on.
Read more »
Nutrien misses quarterly profit estimates amid higher fertilizer pricesNutrien Ltd forecast lower-than-expected 2023 earnings and posted fourth-quarter profit below Wall Street estimates
Read more »
Nutrien sees 2022 earnings more than double | Globalnews.caNutrien Ltd. says it earned $1.1 billion in the fourth quarter of 2022, down seven per cent from the same quarter a year earlier.
Read more »
Nutrien to slightly delay potash production ramp-up as global sales slump - BNN BloombergNutrien Ltd. will slightly delay the timing of its plan to ramp up potash production, due to slumping sales.
Read more »
Russia bombards Ukraine as West pledges more aidRussia has intensified ground attacks across southern and eastern Ukraine in recent weeks
Read more »