Michael Joel-Hansen
Saskatoon StarPhoenix
Farmers in the United States will certainly be the ones soaking up any type of added expenditures if Donald Trump’s intended tolls work following month, claimsNutrien Ltd president Ken Seitz.
“The costs of this would be borne by the U.S. farmer; the tariff cost and tariff impact will be passed onto the U.S. farmer,” he claimed on a fourth-quarter revenues phone call with experts, including that American farmers are really depending on Canadian potash. “Canadians supply over 80 per cent of that market.”
Seitz claimed farming profession and food safety depend upon the motion of items in between both nations, so Nutrien has actually been chatting with chosen reps in both Canada and the united state regarding the relevance of having a cost-free circulation of farming items.
“We struck up a cross-functional team, which extends across our government relations group, our commercial organization, to make sure we can serve our U.S. customers in the way that we always have,” he claimed.
Saskatoon- based Nutrien claimed it made US$ 118 million in the 4th quarter finishingDec 31, 2024, which was a 33 percent decline from US$ 176 million a year previously, with the decrease primarily as a result of reduced costs for potash.
It had actually changed revenues of US$ 1.8 billion from potash, which were less than the US$ 2.4 billion made in 2015, in spite of greater sales quantities. Its revenues per share of 31 cents united state missed out on experts’ typical quote of 35 cents united state, according to information put together by London Stock Exchange Group PLC.
Earnings for monetary 2024 were down 45 percent to US$ 700 million, while sales were down 11 percent to US$ 29.1 billion. The firm raised its quarterly reward to 54.5 cents united state per share, with Seitz noting it returned US$ 1.2 billion to investors with returns and share repurchases in 2015.
Nutrien likewise claimed 35 percent of the potash it extracted in 2024 was done utilizing automated innovations. The firm claimed this boosted safety and security and effectiveness, which caused a decrease in prices. The degree of potash generated in 2024 was the firm’s greatest on document.
On the retail side, Nutrien reported raised revenues of US$ 1.7 billion, which it credited to lowering expenditures and greater item margins.
Nutrien is anticipating potash need to enhance around the world, however claimed there’s the possibility for supply to tighten up as a result of less procedures coming on the internet and functional obstacles in vital markets.
“Our annual potash sales volume guidance of 13.6 to 14.4 million tonnes is consistent with our global shipments outlook and accounts for some level of uncertainty regarding the potential impact of tariffs on Canadian exports,” Nutrien primary economic police officer Mark Thompson claimed on the phone call.
However, one possible gamer that might occupy some sales isBelarus If assents on it are raised, Seitz claimed one million tonnes of item might return on the marketplace, however he included that manufacturers there encounter a variety of obstacles that might increase their prices– port accessibility being a significant one.
“We think that happens slowly over time; we think that it continues to be more expensive for the Belarusians,” he claimed.
Seitz claimed Russian potash has actually been back on the marketplace for a long time and had not been ever before approved.
