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Reuters exclusively reports Canada’s Nutrien eyes potash production boost amid turmoil in Russia, Belarus; market reacts

Business & FinanceDealsEnvironment

Reuters exclusively reported that the world’s biggest potash miner could boost production by up to 29% in the coming years, depending on any sanctions facing rival producers in Russia and Belarus. Prices of granular potash fertilizer are near 10-year highs in the United States and Brazil, helped by Western economic sanctions against Belarus. Russia, home of Uralkali and EuroChem potash mines, faces possible economic sanctions if it invades Ukraine. Uralkali and Belarus Potash Company (BPC) together account for more than one-third of global potash sales, according to BMO Capital Markets.

Market Impact

Shares in Canadian miner Nutrien Ltd rose 3.3%.

Article Tags

Topics of Interest: Business & FinanceDealsEnvironment

Type: Reuters Best

Sectors: Commodities & Energy

Regions: AmericasEurope

Countries: BelarusCanadaRussia

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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