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329163

Evening Edition | Thursday, June 9, 2022

In tonight’s Evening Edition, read about potash production, the nomination for U.S. chief agricultural negotiator, and pressures on the dairy industry.

Potash Production

Canada's Nutrien, the world's largest fertilizer producer, said on Thursday it plans to increase potash production to an annual 18 million tonnes by 2025 to mitigate supply uncertainty from Eastern Europe.

Prices of potash, a key input used in nitrogen fertilizers, have soared since Western sanctions were imposed against Russia for its invasion of Ukraine, exacerbating an already tight market.

The increase in potash production represents a rise of more than 5 million tonnes, or 40% compared to production in 2020, Nutrien said.

U.S. Chief Agricultural Negotiator

In his second attempt to fill the post, President Biden nominated Doug McKalip on Wednesday to be the U.S. chief agricultural negotiator, working with U.S. trade representative Katherine Tai.

The post has been vacant since Biden took office, to the increasing dismay of farm-state lawmakers and the agribusiness sector, writes Chuck Abbott.

McKalip “has worked on every aspect of farming” during his years at the USDA and the White House, said Vilsack.

Dairy Industry

Global milk production is expected to decline by 1.1% in the second quarter, marking the fourth consecutive quarter milk production has decreased, according to Rabobank’s recent quarterly dairy report.

High feed costs, weather-related issues and inflation are all cited as having an impact, writes Mark Moore.

Analysts expect higher feed costs to be around for the foreseeable future.

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