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Nutrien to increase potash production in second half of 2021

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World Fertilizer,

Nutrien expects to increase potash production by approximately 500 000 t in the second half of 2021 compared to earlier expectations, in response to tightening global potash market conditions.

Nutrien has a network of six potash mines with available capacity.

“We are responding to strong market fundamentals to ensure our customers have the crop inputs they need to feed a growing population. Our network of flexible production and extensive logistics is designed to provide reliable supply and we have a unique ability to be agile and respond to changing market conditions. Our potash asset portfolio is optimally positioned to meet customer needs and drive shareholder value,” commented Ken Seitz, Nutrien’s Executive Vice President and CEO of Potash.

Domestic and offshore potash sales volumes are currently fully committed through September, based on the company's original production profile for 2021. Nutrien will be actively hiring additional employees and adapting its resources to help increase production across most of its potash mines, ramping up its Vanscoy facility in Saskatchewan, Canada, in particular.

Nutrien expects these actions to result in upward revisions to potash-related guidance for the second half of 2021 from both a volume and EBITDA perspective, which will be addressed in 2Q21 results.

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