mines in Saskatchewan — has seen its share price climb as have other global producers, such as Illinois-based CF Industries Holdings Inc.But Nutrien is significant not just as a Canadian company, but also because of its sheer size. The company is the world’s largest potash producer with over 20 million tonnes of capacity at six potash mines in Saskatchewan. It also has two large phosphate mines in the U.S., and is the world’s third-largest producer of nitrogen.
Arnold noted that high wheat prices will put even more pressure on the cost of fertilizer, as farmers are likely to plant more acres and spend more in an effort to maximize yields. “Fertilizer prices are already high and the war is an additional element of pressure which could have further impact on the input costs,” Bibeau said. “We are monitoring the situation very closely.”