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ARTICLE · 18 OCTOBER 2022

New Legislative Changes For Saskatchewan Potash Sector

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Potash is a critical mineral used as a replenishing agricultural fertilizer. As a result, millions of farmers around the world depend on potash.

CanadaEnergy and Natural Resources
Jessica Kennedy
Jessica Kennedy
Keely Cameron
Keely Cameron
Laura Glover
Laura Glover
Martin Ignasiak KC
Martin Ignasiak KC
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Potash is a critical mineral used as a replenishing agricultural fertilizer. As a result, millions of farmers around the world depend on potash. The Canadian province of Saskatchewan is the world's largest potash producer, followed by Russia and Belarus. As the sole producer in Canada, the Saskatchewan potash sector accounts for about 30 percent of global production.

Production in the Saskatchewan potash sector hit all-time record highs in 2021, reaching 14.2 million tonnes and sales hitting $7.6 billion. Despite this achievement, Saskatchewan potash production is expected to grow even more in 2022. Potash has become "geopolitically essential" internationally following Russia's invasion of Ukraine, according to Canadian Finance Minister Chrystia Freeland. In response to increasing global demand and growing concerns about food security, the Saskatchewan government has pledged to ramp up potash production to fill any market gaps left as a result of the sanctions placed

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