Farmers have short window to get the fertilizer they need for spring planting.
CP, Canada’s No. 2 railroad, halted operations after talks with workers’ union failed, with both sides blaming each other for the outcome. Talks continued on Sunday with federal mediators at the table.
“The main issue is the short window to get farmers the fertilizer they need for their crops. We are 4-6 weeks away from seeding in Canada and even sooner in the U.S.,” President and CEO Fertilizer Canada Karen Proud said. “A CP work stoppage will bring additional uncertainty to fertilizer markets in the U.S.,” Corey Rosenbusch, the Fertilizer Institute president and CEO said, adding the United States imports 86 per cent of its potash from Canada, much of it by rail.Nutrien Ltd, the world’s biggest fertilizer producer, could weather a CP shutdown lasting a few days, since it has moved potash from its Canadian mines to U.S. stores ahead of spring planting, interim Chief Executive Ken Seitz told Reuters.
The lockout at CP is the latest blow to Canada’s battered supply chain, which last year weathered floods in British Columbia that suspended access to Canada’s biggest port.
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