Nutrien ramping up production as Ukraine conflict creates 'room in the market': CEO

  • 📰 fpinvesting
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 43. in BUSÄ°NESS

Business Business Latest News, Business Business 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.
Source: nationalpost - 🏆 10. / 80 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. Putin wants peace, after all the war crimes he did
Source: financialpost - 🏆 7. / 85 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.
Source: GlobalNational - 🏆 81. / 51 Read more »