2/18/2021
By Rod Nickel
WINNIPEG, Manitoba, Feb 18 (Reuters) - Global sales of
potash fertilizer look to hit record highs this year, helped by
a spike in crop prices, but cautious North American producers
are keeping a lid on supplies.
Canada s Nutrien Ltd and U.S.-based Mosaic Co
have benefited as crop prices climbed to multi-year
highs, helped by strong Chinese demand. We believe there is a cyclical recovery in agriculture
underway, Nutrien Chief Executive Chuck Magro said on a
conference call.
As crop prices rise, farmers have greater incentive to apply
fertilizer and maximize yields.
Nutrien predicts the largest U.S. corn plantings in five