Saskatoon-based Nutrien is responding to uncertain supplies of potash from eastern Europe by increasing its production to approximately 15 million tonnes in 2022. This represents an increase of nearly one million tonnes compared to previous targets. The majority of additional volume is expected to be produced in the second half of the year. 

"Our thoughts and sympathies are with those impacted by the crisis in Ukraine and we hope for an immediate de-escalation of this conflict,” said Ken Seitz, Nutrien's Interim President and CEO. “The impacts of this conflict extend beyond eastern Europe as a disruption in supply of key agriculture, fertilizer and energy commodities could have implications for global food security.” 

"Nutrien is responding to this period of unprecedented market uncertainty by safely expanding potash production to help provide our customers with the crop inputs they need. We continue to closely monitor market conditions and will evolve our long-term plans to ensure we utilize our assets in a safe and sustainable manner that benefits all our stakeholders," Seitz added. 

Nutrien's 2022 potash production is expected to increase by nearly 20 percent compared to 2020 and account for more than 70 percent of global production added over this period. Seitz expects a small increase in 2022 capital expenditures and will be hiring additional employees.

Source:  Nutrien March 17, 2022 news release