Nutrien’s CEO says fertiliser supply to stay tight in 2023
The world’s largest fertilizer company expects the global supply of the nutrient potash to remain constrained this year.
Shipments out of major exporters Belarus and Russia are still at least partially constrained and a lot of alternative outlets for product have been exhausted, Nutrien CEO Ken Seitz said Tuesday in an interview at Bloomberg’s New York headquarters.
“Looking at 2023, we think there’s going to continue to be challenges which creates a gap in the market,” he said.
The Canadian company is monitoring conditions and will continue to adjust its planned ramp-up of potash production as farmer demand changes, the CEO said.
Seitz also commented on relations with BHP Group Ltd., which is developing the $5.7 billion Jansen project close to Nutrien’s mines near Saskatoon, Saskatchewan in western Canada. The two firms held talks about a potential partnership two years ago, and BHP was said in January to have been interested in doing more deals, at the right price, with companies such as Nutrien.
“The relationship with BHP is good; we’re in the community together,” Seitz said, while declining to comment on whether the companies have been in talks more recently. “They’re focused on their work on Jansen project; we’re focused on the work that we’re doing — and that’s the focus at the moment.”
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points
VISIT SHOWROOM
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
