The Saskatchewan Ministry of Agriculture says it’s unclear how the invasion of Ukraine is impacting Saskatchewan’s economy as wheat and fertilizer commodity prices soar.
Wheat futures surged to $10 a bushel on Tuesday – the highest price in 14 years.
Shares in Saskatoon-headquartered Nutrien Ltd., the largest fertilizer producer in the world, keep rising amid market worries that the war could exacerbate a global supply shortage.
On Wednesday morning, Nutrien shares were trading at $110.99 on the Toronto Stock Exchange.
“The Ministry of Agriculture continues to monitor the situation in Ukraine and any disruptions it may have on international commodity markets, prices
