Michael Joel-Hansen
Saskatoon StarPhoenix
Farmers within the United States will definitely be those absorbing any kind of added expenditures if Donald Trump’s meant 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 telephone name with consultants, together with that American farmers are actually relying on Canadian potash. “Canadians supply over 80 per cent of that market.”
Seitz claimed farming occupation and meals security depend on the movement of things in between each nations, so Nutrien has truly been chatting with chosen reps in each Canada and the united state concerning the relevance of getting a cost-free circulation of farming objects.
“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 made US$ 118 million within the 4th quarter finishingDec 31, 2024, which was a 33 % decline from US$ 176 million a yr beforehand, with the lower primarily because of diminished prices for potash.
It had truly modified revenues of US$ 1.8 billion from potash, which had been lower than the US$ 2.4 billion made in 2015, despite higher gross sales portions. Its revenues per share of 31 cents united state missed out on consultants’ typical quote of 35 cents united state, in keeping with info put collectively by London Stock Exchange Group PLC.
Earnings for financial 2024 had been down 45 % to US$ 700 million, whereas gross sales had been down 11 % to US$ 29.1 billion. The agency raised its quarterly reward to 54.5 cents united state per share, with Seitz noting it returned US$ 1.2 billion to traders with returns and share repurchases in 2015.
Nutrien likewise claimed 35 % of the potash it extracted in 2024 was executed using automated improvements. The agency claimed this boosted security and safety and effectiveness, which precipitated a lower in costs. The diploma of potash generated in 2024 was the agency’s biggest on doc.
On the retail aspect, Nutrien reported raised revenues of US$ 1.7 billion, which it credited to reducing expenditures and higher merchandise margins.
Nutrien is anticipating potash want to boost around the globe, nevertheless claimed there’s the chance for provide to tighten up because of much less procedures coming on the web and purposeful obstacles in important 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 police officer Mark Thompson claimed on the telephone name.
However, one doable gamer that may occupy some gross sales isBelarus If assents on it are raised, Seitz claimed a million tonnes of merchandise would possibly return on {the marketplace}, nevertheless he included that producers there encounter a wide range of obstacles 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 truly been again on {the marketplace} for a very long time and had not been ever earlier than accredited.
