“If prolonged, [the strike] could also impact production at our other potash mines in Saskatchewan,” said Ken Seitz, president and CEO, Nutrien. “We urge the parties in this dispute to come to a swift resolution to prevent further damage to the Canadian economy.”

The company said it expects fullyear 2023 Potash adjusted EBITDA will fall below the bottom end of its previous guidance range due to factors impacting offshore sales through Canpotex, including the ILWU strike, Portland terminal outage and lower global potash prices than previously anticipated.

During mid July, Canpotex said it was withdrawing all offers for new sales because of the strike activity at the Port of Vancouver and continued loss of export capacity at Neptune Terminals, and will not make any new offers until there is greater clarity on supply chain predictability through the Port of Vancouver. Approximately 70% of all Canpotex potash exports are handled by Neptune Terminals annually. The Canadian potash cartel said it would continue to work closely with customers to load and prioritize existing sales commitments through other North American terminals.