Nutrien reports cuts to potash production in Saskatoon

Nutrien Ltd. announced a reduction in production at its Cory potash mine (Saskatoon, Canada) due to the loss of export capacity through Canpotex's Neptune terminal as a result of the International Longshore and Warehouse Union (ILWU) Canada strike in Port of Vancouver.

Nutrien said it expects full-year 2023 potash adjusted EBITDA to be below the lower end of its previous guidance range due to factors affecting offshore sales through Canpotex, including the ILWU strike, Portland terminal outage and lower global potash prices than previously anticipated.

"We will provide updated full-year 2023 guidance reflecting these impacts at the time of our second quarter results on Wednesday, August 2, 2023," the company said in a statement.

“The disruption at the Port of Vancouver has resulted in reduced production at our Cory potash mine and, if prolonged, could also impact production at our other potash mines in Saskatchewan. We urge the parties to this dispute to reach a swift resolution to prevent further harm to the Canadian economy,” said Ken Seitz, president and CEO of Nutrien.