Nutrien says potash will remain tight even as Russia ships more

Global potash will remain tight even as more buyers shed their fear of buying from Russia and Belarus, according to a top fertilizer maker’s chief executive officer.

Supplies from Russia may remain as much as 20% below 2021 levels even as access to export markets grow into the coming year, Ken Seitz, interim CEO of Nutrien said in a Thursday interview. Shipments from Belarus may lag as the nation doesn’t have port access. Its production could fall by as much as half, he said. The two nations are among the top-three largest producers of the crop nutrient.