Fertilizer buyers eye Canada to fill global potash deficit

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Fertilizer buyers eye Canada to fill global potash deficit
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Saskatchewan is capturing “renewed interest” in its potash resources due to disrupted supplies of the key fertilizer from Belarus and Russia, according to Bronwyn Eyre, energy and resources minister for the western Canadian province.

Saskatchewan has the world’s largest potash deposits and Eyre said the provincial government is working with companies to encourage more production of the mineral and expects to see “a growing demand for new projects” in the coming years.Fertilizer markets have been in disarray since the U.S. imposed sanctions on Belarus, and from economic measures taken against Russia following its invasion of Ukraine in February.

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