Reuters — Canada’s Nutrien Ltd., the world’s largest potash fertilizer producer, named Ken Seitz as chief executive on Monday, removing the interim tag. Nutrien in January surprised investors by replacing its CEO for the second time in eight months. It then named Seitz, the head of its potash business, as interim CEO, replacing Mayo Schmidt. […] Read more
Nutrien’s interim CEO named CEO
Seitz sees 'a lot of uncertainty' continuing in market
Nutrien buys expanded ag retail presence in Brazil
Reuters — Top fertilizer maker Nutrien on Wednesday agreed to acquire Casa do Adubo S.A., as part of its ambitions to expand its Brazilian retail business. The deal marks Nutrien’s sixth acquisition in Brazil since 2019, when it set a strategic goal to build its market share in a country that is vital to feeding […] Read more
BHP open to potash partner but still will enter fertilizer business alone
Feds put $100M toward reducing emissions at BHP site
Ottawa | Reuters — BHP Group is open to taking on a partner as it builds its first potash mine in Saskatchewan, but can also go it alone and is not currently involved in discussions with rival Nutrien, a senior BHP executive said Monday. “We are more than happy and willing to work with partners. […] Read more
Nutrien to further boost potash output amid global shortage
Company will also speed up nitrogen capacity boosts
Reuters — Nutrien, the world’s largest fertilizer producer, said Thursday it will increase its Canadian potash production by 20 per cent to an annual 18 million tonnes by 2025, helping to address tight supplies that have contributed to a global food shortage. Potash prices have soared since the West imposed sanctions against Russia for Moscow’s […] Read more
Nutrien may further raise potash output as sanctions curb other supplies
Chicago | Reuters — Canada’s Nutrien, the world’s largest fertilizer company, is weighing further increases to potash production as sanctions continue to limit shipments from Russia and Belarus, interim CEO Ken Seitz said on Tuesday. Prices of crop nutrients such as potash have skyrocketed as sanctions against Russia for its invasion of Ukraine have disrupted […] Read more
Nutrien bolsters profit forecast on surging fertilizer prices
Fertilizer sector set for biggest profits in years
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
Nutrien to produce ‘most potash ever’ in 2022
Company to ramp up production in response to Ukraine conflict
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
Nutrien takes cautious potash approach as rival copes with sanctions
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
Nutrien eyes potash production boost amid turmoil in Russia, Belarus
Idled Saskatchewan mines could be restarted
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
Nutrien makes surprise CEO switch again despite strong profits
Abrupt change 'mighty perplexing' to analysts
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
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