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Nutrien Sees Supply Chaos Hampering Fertilizer Market Into 2023

  • Sanctions on Belarus, Russia to cause long-term supply snags
  • Nutrien weighs whether to boost output to fill supply gaps
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Tracking the Fertilizer Supply Squeeze
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The world’s top fertilizer makers see supply disruptions that have thrown the market into chaos likely extending beyond 2022.

Fertilizer prices have soared to all-time highs as Russia’s invasion of Ukraine and sanctions on Belarus threw a massive chunk of the world’s supply into disarray. The sanctions have the potential to create more long-lasting impacts as it will take time to rebuild the region’s export capacity and buyers look for supplies from alternative sources, Nutrien Ltd. Chief Executive Officer Ken Seitz said.