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Canada looks at securing and strengthening potash production

The war in Ukraine continues to limit fertilizer supplies and the world’s largest potash producer is taking steps to ensure adequate supplies for farmers.

In remarks at yesterday’s Ag Outlook Forum, Acting Consul General Aaron Aannable with the Consulate General of Canada in Chicago said the country’s supply of potash to the world market is critical. “Last year, the U.S. imported more than 90 percent of its potash needs. Canada supplied more than 80 percent of these imports.  Canada recognizes our unique role as supplier of potash to the United States and the world.  We’ve made significant long term investments to make sure the supply continues.”

Earlier this year Australian-based BHP announced it would build Canada’s first potash mine in 50 years and Annable tells Brownfield that adds long term stability to the market. “We are well positioned to keep being not only a strategic supplier for the U.S., but for the world.”

BHP says the mine will cost $7.5 billion and will produce nearly 4.5 million tons per year.

The company says the plant will be operational in 2027.