Canadian company Nutrien, one of the world’s largest producers of potash fertilisers, expects further growth in shipments of potassium chloride in 2026, according to its annual report. Market conditions are expected to remain fairly tight. The company also notes a continued rise in potash fertiliser prices.
“Global potash shipments in 2025 increased to approximately 74.5 million tonnes, driven primarily by strong demand in Southeast Asia. We expect growth for the fourth consecutive year in 2026, with total global potash shipments ranging from 74 to 77 million tonnes.
Demand is supported by the need to replenish soil nutrients after record harvests, favourable relative affordability and low inventory levels in key markets such as China and Brazil. We expect relatively tight fundamentals throughout 2026, as demand growth tests existing global operating and supply chain capacities,” the report says.
Nutrien forecasts potash fertiliser shipments of 14.1–14.8 million tonnes this year.
In the fourth quarter, the company’s revenue from potash fertiliser sales rose by 37 percent to 736 million dollars, while for the full year it increased by 20 percent to 3.59 billion dollars.
Potash fertiliser sales volumes in the fourth quarter grew by 1.6 percent to 2.8 million tonnes, and for the year as a whole increased by 2.6 percent to 14.25 million tonnes. At the same time, while sales volumes in North America declined slightly in 2025 by 34,000 tonnes to 4.64 million tonnes, shipments outside the home region increased by 401,000 tonnes to 9.6 million tonnes.
The average net selling price in the fourth quarter was 262 dollars per tonne, which is 68 dollars higher than in the same period of 2024. The average price for 2025 as a whole was 252 dollars per tonne, up 37 dollars compared with 2024.
In the structure of exports outside North America, the largest share of shipments went to Latin America at 39 percent, China accounted for 11 percent, India for 6 percent, other Asian markets for 29 percent, and 15 percent of shipments were sent to other markets.
Last year, the company produced just under 14 million tonnes of fertilisers, which is 1.7 percent less than in 2024.