GFM Network News

More News →

Tag Archives Potash

(Nutrien video screengrab via YouTube)
Crops, Reuters

Nutrien bolsters profit forecast on surging fertilizer prices

Fertilizer sector set for biggest profits in years

By
Reuters — Nutrien Ltd. on Monday raised its full-year earnings forecast well above estimates after posting a more than 10-fold jump in first-quarter profit, as the world’s largest fertilizer company benefits strongly from soaring prices of crop nutrients. Prices of essential crop nutrients such as potash and phosphate skyrocketed in the quarter, touching near-record levels, […] Read more
(Dave Bedard photo)
Crops, Machinery

Saskatchewan budget aims to spur ag investment

Potash, crude oil resource revenues help cut deficit

By ,
Sweetening existing tax credits on big-ticket investments, and setting up a new Crown corporation to support Indigenous investors, are among the items expected to help encourage new value-added ag projects in Saskatchewan’s latest budget. Provincial Finance Minister Donna Harpauer on Wednesday released her 2022-23 budget with $17.6 billion in expenditures on $17.2 billion in revenues, […] Read more
(Nutrien video screengrab via YouTube)
Crops

Nutrien to produce ‘most potash ever’ in 2022

Company to ramp up production in response to Ukraine conflict

By ,
The world’s biggest potash-producing company is set to produce more potash in 2022 due to “uncertainty of potash supply” coming out of Eastern Europe. Saskatoon-based Nutrien, which has an estimated 20 million tonnes of potash-mining capacity across six mines in Saskatchewan, said Wednesday it plans to boost its output for 2022 to 15 million tonnes, […] Read more
(File photo by Dave Bedard)
Crops, Reuters

Canadian and U.S. shippers brace for possible CP strike

Strike notice not yet given

By ,
Winnipeg | Reuters — Thousands of workers at Canada’s second-biggest railway, Canadian Pacific Railway, have threatened to strike this week, potentially disrupting the movement of grain, potash and coal at a time of soaring commodity prices. The strike is the latest risk to Canada’s battered supply chain, which last year weathered floods in British Columbia […] Read more
An ammonia and nitrogen fertilizer plant in Russia. (Saoirse_2010/iStock/Getty Images)
Crops, Markets, Reuters

Vilsack hopes fertilizer firms don’t take advantage of Ukraine crisis

By ,
Washington | Reuters — U.S. Agriculture Secretary Tom Vilsack said Thursday he hoped fertilizer and agriculture supply companies affected by the Russian invasion of Ukraine would not take unfair advantage of the situation, amid already-high fertilizer and crop prices. Fertilizer costs have soared due to rising demand and lower supply as record natural gas and […] Read more
Nutrien’s potash mine at Lanigan, Sask., about 100 km southeast of Saskatoon. (Nutrien.com)
Crops, Reuters

Nutrien takes cautious potash approach as rival copes with sanctions

By ,
Winnipeg | Reuters — Canada’s Nutrien, the world’s biggest fertilizer company, is bumping up potash production as sanctions restrict its rival in Belarus, but is holding off on bigger expansion, its interim CEO said on Thursday. Potash prices have climbed to decade highs as state-owned Belaruskali, the second-largest producer after Nutrien, copes with U.S. and […] Read more
File photo of Canpotex potash cars. (Dave Bedard photo)
Crops, Markets, Reuters

Nutrien eyes potash production boost amid turmoil in Russia, Belarus

Idled Saskatchewan mines could be restarted

By ,
Winnipeg | Reuters — Nutrien, the world’s biggest potash miner, could boost production by up to 29 per cent in coming years, depending on any sanctions facing rival producers in Russia and Belarus, the Canadian company’s interim CEO told Reuters. Prices of granular potash fertilizer are near 10-year highs in the United States and Brazil, […] Read more
Keefer Terminal (foreground) at the Port of Thunder Bay. (PortOfThunderBay.ca)
Crops

Thunder Bay shipping season wraps up

By
MarketsFarm — The last vessel of the shipping season will depart the Port of Thunder Bay on Friday. Grain handling volumes were down on the year, but increases in other categories helped limit the overall reduction in movement through the northern Lake Superior port. The 2021 navigation season will come to a close with the […] Read more
Yara’s headquarters in Oslo. (Yara.com)
Crops, Reuters

Yara to stop buying potash from Belarus due to sanctions

Fertilizer firm buys 10-15 per cent of country's potash output

By
Oslo | Reuters — Norwegian fertilizer maker Yara said on Monday it will wind down purchases of potash from Belarus by April 1 as international sanctions made it impossible to continue the trade. Yara estimates that it buys 10-15 per cent of the annual output of state-owned Belaruskali, one of the world’s largest producers of […] Read more
Mayo Schmidt, shown here speaking in Winnipeg in 2007, has “left his position” as Nutrien’s CEO and resigned from its board, the company said Jan. 4. (Dave Bedard file photo)
Crops, Reuters

Nutrien makes surprise CEO switch again despite strong profits

Abrupt change 'mighty perplexing' to analysts

By ,
Reuters — Canada’s Nutrien, the world’s biggest fertilizer producer by capacity, surprised investors by replacing its chief executive on Tuesday for the second time in eight months, even as the company rakes in strong profits. Nutrien said in a statement it named Ken Seitz, the head of its potash business, as interim chief executive after […] Read more

AgCanadaTV

AGCanadaTV: In case you missed it; your national ag news recap for July 11, 2025

Sponsored By:
More Videos →

Cyber-Savvy Farmer

Glacier Farmmedia Podcast

Latest Market News

More Market News →