Nutrien Ag Solutions, the world’s biggest fertilizer company, is going to increase potash production to 18 million tons by 2025. Interim President Ken Seitz credits global supply constraints and food insecurity for the investment. “We expect supply challenges across energy, agriculture and fertilizer markets to persist well beyond 2022.” In the potash market, Seitz said sanctions on Russia and Belarus will create lasting changes to global trade patterns. In response to the announcement, StoneX Group Director of Fertilizer Josh Linville says any additional fertilizer supplies will help the situation, but ultimately the world needs Belarusian exports to resume to make a major difference.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.