Nutrien to Boost Potash Output Even as Demand Wanes
- Company firm on plans to boost capacity to 18 million tons
- ‘There’s going to be a home’ for our potash: CEO Seitz says
Refined potash in a storage barn at the Nutrien Ltd. Cory potash mine in Saskatoon, Saskatchewan, Canada.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
The world’s top fertilizer maker will boost output of a key crop nutrient even as demand softens.
Nutrien Ltd.’s plan to increase potash production capacity to 18 million tons by 2025 has not changed, Chief Executive Officer Ken Seitz said Thursday during the company’s third-quarter earnings call. The move comes as prices are falling from the highest level in years as farmers in North America and Brazil delay purchases, creating localized gluts.