Nutrien stated on Wednesday that it does not believe the proposed Black Sea Shipping Deal between Ukraine, Russia, and the U.S. would have a significant impact on the North American or Global Fertilizer Market this year. Nutrien spokesperson Shawn Churchill said in a press release that the company does not believe that the agreements announced will have an impact on global supply of grains or fertilizers in 2025.

"Russian fertilizer imports are nearing full capacity and have been largely adapting to the restrictions in place."

Nutrien, world's largest potash producer believes that there is limited potential for increasing exports from Russia or Ukraine in the near term.

Uncertainty surrounds the future of the three-country Black Sea agreement. The future of the three-country Black Sea deal is uncertain.

Since European Union nations have imposed export restrictions from these countries, Russian and Belarusian fertilizers and potash have struggled to reach the world market. Ukrainian ports are located on the opposite side of the conflict line and Russian Black Sea exports sail through a battle zone. Alternative routes were developed to allow fertilizer reach a wide range of buyers. (Reporting from Winnipeg by Ed White; Additional reporting in Gdansk by Tristan Veyet Editing by Nick Zieminski.)

(source: Reuters)