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Saskatchewan-based Nutrien announces increase in fertilizer production
Global News
Nutrien's announcement of increased fertilizer production represents an increase of more than 5 million tons, or 40 per cent compared to Nutrien’s 2020 production.
As Saskatchewan continues to navigate the ever-changing global landscape of energy and agriculture, Nutrien is increasing its fertilizer production in a big way.
Interim president Ken Seitz said Nutrien is ramping up it’s annual potash production to 18 million tons by 2025.
“The challenge of feeding a growing world has never been clearer as global supply constraints have contributed to higher commodity prices and escalated concerns for global food security,” said Seitz in a press release.
“There is no simple or fast solution to overcome this challenge and we see potential for multi-year strength in agriculture and crop input market fundamentals.”
This would represent an increase of more than 5 million tons, or 40 per cent compared to Nutrien’s 2020 production.
“Nutrien’s integrated business is best positioned to respond to these supply challenges and help sustainably feed a growing world,” said Seitz.
“We are safely bringing on additional low-cost potash and nitrogen production from our existing facilities, while delivering the products, services and solutions growers need through our leading global retail network.”
Kayla Fitzpatrick, the director of communications for Fertilizer Canada, said supply issues have come from a number of different issues over the last year.