India and Belarusian Potash Price Agreement Not Reflective of Market Conditions
Nutrien Ltd. (TSX and NYSE: NTR), the world’s largest full-service producer of crop inputs and services and largest potash producer, announced today that it is fully aligned with Canpotex’s view that the new price announced between Indian Potash Limited (IPL) and Belarusian Potash Company (BPC) is significantly below market price levels for potash in key offshore markets.
“We understand that the Potash agreement with India was settled at the highest government level with limited commercial involvement,” said Ken Seitz, Executive Vice President and CEO, Nutrien Potash. “This contract price in no way reflects the market-based pricing in the current key offshore potash markets which, like other fertilizers, is being supported by strong global crop fundamentals. Nutrien wholly supports Canpotex’s position to not follow this price level for potential sales into India in 2021.”
Nutrien also confirmed today that it is now fully committed on potash sales to North America through April 2021, in addition to offshore sales volumes with Canpotex. It is significant that these offshore commitments through April do not include any shipments to India or China.
Nutrien is the world's largest provider of crop inputs and services, playing a critical role in helping growers increase food production in a sustainable manner. We produce and distribute 25 million tonnes of potash, nitrogen and phosphate products world-wide. With this capability and our leading agriculture retail network, we are well positioned to supply the needs of our customers. We operate with a long-term view and are committed to working with our stakeholders as we address our economic, environmental and social priorities. The scale and diversity of our integrated portfolio provides a stable earnings base, multiple avenues for growth and the opportunity to return capital to shareholders.
About Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
CGTN7.3.2021 04:43:09 CET | Press release
High-Quality Healthcare, Education Systems Highlighted in China's Two Sessions
CGTN5.3.2021 14:04:14 CET | Press release
CGTN: China Outlines Plan to Address Economic Challenges in Next 5 Years
MA-EVERBRIDGE5.3.2021 13:32:10 CET | Press release
Everbridge Awarded Revolutionary New Public Warning Patent for Technology that Automates the Selection of the Optimal Communications Channels to Reach the Broadest, Hyper-Targeted Populations – as Fast as Possible – During a Crisis
CA-ANDERSEN-GLOBAL5.3.2021 11:12:10 CET | Pressemeddelelse
Andersen Global styrker sin tilstedeværelse med jordansk advokatfirma
INFORMATION-SERVICES5.3.2021 10:02:13 CET | Press release
COVID-19’s Economic Pinch Drives More Nordic Enterprises Toward Business Process Automation for Competitive Edge
MAISON-D’ANGELANN5.3.2021 09:54:13 CET | Press release
International Fashion Designer Anna Chybisova Draws Major Investments Worth $9 Million for her Brand Maison d’Angelann
XLIFE-SCIENCES-AG5.3.2021 08:50:09 CET | Press release
Xlife Sciences AG (XLS): Joint Venture With anfass Life Technologies
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom