Nutrien won’t be able to go beyond that in 2022 — even if the market is desperate for it, Interim Chief Executive Officer Ken Seitz said in an interview. To increase output, the company is having to place additional mining machines at three sites, while also pushing off some maintenance operations. But the company needs to balance that ramp up with safety considerations, which limits how much they can add to supplies this year, Seitz said.
The company can continue to boost production over the next two or three years, if it’s still needed, he said.
“We are going to be watching the supply side of the equation, and therefore the pace at which we think about our own potash production ramp up as well,” Seitz said.
Nutrien’s bump of 1 million tons this year may not be nearly enough to meet demand. Sanctions on major producers means there could be a shortage. Second-ranked producer Russia may face sanctions due to…
