Riders rent reduction a 'contractual matter', no legal threat: Reynolds
5h ago
The $1.33M rent reduction comes from what the club owed during seasons impacted by the pandemic.
It’s been almost a year since the Russian invasion of Ukraine sent shockwaves across the world.
The ongoing war has caused disruptions in the agriculture sector, as Ukraine is a global leader in both wheat and corn exports.
Ken Seitz, Nutrien’s president and CEO, said his company is working to try to fill those gaps.
“This horrible conflict in Eastern Europe has really created some global supply shocks, and at Nutrien we are doing the things that we can do to close some of that gap,” Seitz said, speaking at the inaugural Food, Fuel and Fertilizer Business Summit in Saskatoon on Tuesday.
He said there have been multiple international challenges caused by the conflict in Ukraine. Prices within that country have dropped, he said, and it has become very difficult to find ways to safely export products out of Ukraine.
He said other countries will need to lean on Canada, the U.S., Brazil and Australia to help ensure products are available on the market.
The conflict has put a spotlight on Saskatchewan and its resources, Seitz said, particularly agricultural products and potash.
“There’s no question that there’s a heightened interest in what we do here and our ability to do it at scale and our ability to do it globally,” Seitz said.
Seitz also highlighted the need to address food insecurity issues around the world.
“As a globe, we have to be very mindful of having a healthy and vibrant and thriving agricultural community,” Seitz said.