Nutrien, the world’s biggest fertilizer company, is “looking at the potential to accelerate our ramp up of potash production,” Seitz said during a conference call with analysts on Tuesday. Disruptions “could last well beyond 2022.”
The isolation of Russia and Belarus from the worldwide crop-nutrient trade, even if it turns out to be temporary, could reshape the market and increase uncertainty about the dependability of supplies, he added.
“Could there be a change in global trade patterns as a result? We think that’s a possibility,” Seitz said during a telephone interview.
The Canadian company has already said it would boost potash production by about 1 million metric tons to 15 million this year, with most of the additional volume coming during the second half. Russia and Belarus account for about 40% of global potash production and exports, according to Nutrien.
Mosaic Co. also expects the potash market will…
