Nutrien, the world's largestfertilizerproducer headquartered in Saskatoon, SK, said on Tuesday thatRussia’s invasion of Ukrainecould result in prolonged disruptions to the global supply of potash and nitrogen crop nutrients, reportsReuters.
Interim Chief Executive Ken Seitz said Nutrien will boost potash production if it sees sustained supply problems in Russia and Belarus, the world’s second- and third-largest potash producing countries after Canada.
Nutrien expects to sell up to 14.3 million tonnes of potash this year, its most ever, and has said it is considering further expansion.
"We're going to run our plants, run them flat out," Seitz said at a BMO Capital Markets investor conference. "Could we see interruptions in exports out of Russia? Yes. Can we see plant closures? We could."
