One of the world’s largest providers of crop
inputs and services, Nutrien Ltd. said it expects
to proactively take up to eight-week
inventory shutdowns at its Allan, Lanigan
and Vanscoy potash mines in Canada
during the fourth quarter of 2019. The
production downtime is in response to a
short-term slowdown in global potash markets,
the company said. If all three potash
facilities were to remain idled for the full 8
weeks, potash production could be reduced
by approximately 700,000 metric tons
(mt) and potash annual EBITDA could be
reduced by US$100 million-$150 million.
Despite the current short-term market
conditions, the company said it remains
positive on potash demand for 2020, as
well as the medium to long-term potash
fundamentals.
“We remain focused on a gradual
ramp up of production to meet demand
and to ensure we operate the safest, most
reliable and efficient Potash business in
the world,” the company said.
Nutrien produces and distributes 27
million mt of potash, nitrogen and phosphate
products worldwide.
As featured in Womp 2019 Vol 10 - www.womp-int.com