A windfall tax to fight food inflation – not on grocers but commodity producers
Ever since the war in
Parliamentarians and the Competition Bureau are investigating whether several large grocery chains might comprise an “oligopoly.” No investigation of potash companies is needed: Nutrien and Mosaic jointly operate an overt cartel for offshore exports, Canpotex, with the blessing of our federal Competition Act.and Belarus but is subject to Western sanctions.
Saskatchewan’s provincial budget, released last month, paints a similar picture of the whole industry , which mined the same tonnage of potash in the 2021-22 and 2022-23 fiscal years. But potash prices almost doubled between those years, boosting annual sales from $9.4-billion to $16.7-billion.
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