The world's largest fertilizer company raises production as the Ukraine war roils markets. Meanwhile, new competition looms.
As we get on an elevator that will take us about 1,000 metres underground within a couple minutes, mine manager Leon Boehm explains how everything makes the same journey, from immense machines to the humblest hand tools.We deliver the local news you need in these turbulent times on weekdays at 3 p.m.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.
It all makes for a hostile environment; amid the high technology of increasingly remote-operated miners, customized electric vehicles and reams of fibre optic cable, workers still use scaling bars — two-and-a-half-metre long metal poles — to probe for soft spots and knock down loose chunks of potash and clay that could injure or kill if left to fall.Article content
Nutrien’s push for more production began in 2021, as China’s demand for grains and oilseeds exploded and Belarus, a major global potash producer, came under sanctions. In Saskatchewan, MosaicThis advertisement has not loaded yet, but your article continues below.All that was before Russia’s invasion of Ukraine, which has further tightened global fertilizer markets. Even with prices now moderating, Reynolds says the “demand picture” driving Nutrien’s plans hasn’t changed.
However, Nutrien remains confident in its overall view of demand, and believes it will still be able to get a good price even with Jansen’s new tonnes, he adds. At a Nutrien retail branch just outside Langham, Sask., general manager Phil Danderfer points to the concrete pad where semi trucks park to get loaded with fertilizer. The pad was installed in recent years, along with a new bin and loading system. While the concrete might not seem remarkable, Danderfer says it’s an expense a lot of other companies don’t bother with; it allows any spilt fertilizer to be quickly swept up and disposed of, rather than drifting into the environment.
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Tour of Saskatchewan Nutrien sites shows challenge, complexity of coming expansionThe world\u0027s largest fertilizer company raises production as the Ukraine war roils markets. Meanwhile, new competition looms.
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