Michael Joel-Hansen
Saskatoon StarPhoenix
Farmers within the United States will definitely be those taking in any sort of added expenditures if Donald Trump’s meant tolls work following month, statesNutrien 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 income phone name with consultants, together with that American farmers are extraordinarily relying on Canadian potash. “Canadians supply over 80 per cent of that market.”
Seitz claimed farming career and meals safety depend on the movement of merchandise in between each nations, so Nutrien has really been chatting with chosen reps in each Canada and the united state concerning the relevance of getting a complimentary circulation of farming merchandise.
“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 mostly Nutrien claimed it gained US$ 118 million within the 4th quarter finishingDec 31, 2024, which was a 33 p.c lower from US$ 176 million a yr beforehand, with the lower principally due to diminished prices for potash.
It had really readjusted income of US$ 1.8 billion from potash, which have been lower than the US$ 2.4 billion gained in 2015, no matter better gross sales portions. Its income per share of 31 cents united state missed out on consultants’ typical worth quote of 35 cents united state, based on data put collectively by London Stock Exchange Group PLC.
Earnings for financial 2024 have been down 45 p.c to US$ 700 million, whereas gross sales have been down 11 p.c to US$ 29.1 billion. The enterprise enhanced its quarterly reward to 54.5 cents united state per share, with Seitz noting it returned US$ 1.2 billion to traders with rewards and share repurchases in 2015.
Nutrien likewise claimed 35 p.c of the potash it extracted in 2024 was performed making use of automated fashionable applied sciences. The enterprise claimed this boosted safety and effectiveness, which brought on a lower in costs. The diploma of potash generated in 2024 was the enterprise’s best on doc.
On the retail facet, Nutrien reported enhanced income of US$ 1.7 billion, which it credited to reducing expenditures and better merchandise margins.
Nutrien is anticipating potash want to boost worldwide, but claimed there’s the capability for provide to tighten up due to much less procedures coming on the web and useful difficulties in essential 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 main financial policeman Mark Thompson claimed on the phone name.
However, one potential gamer that may burn up some gross sales isBelarus If assents on it are raised, Seitz claimed a million tonnes of merchandise can return on {the marketplace}, but he included that producers there cope with a wide range of difficulties that may improve their costs– port accessibility being a big 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 really been again on {the marketplace} for time and had not been ever earlier than accredited.
