WINNIPEG, Manitoba, March 26 (Reuters) - Nutrien ( NTR )

said on Wednesday it doesn't think the proposed Black

Sea shipping deal between Ukraine, Russia and the U.S. will

significantly affect the North American or global fertilizer

market this year.

"We do not expect the announced agreements will have a

material impact on global supplies of fertilizers or grains in

2025," said Nutrien ( NTR ) spokesperson Shawn Churchill in a statement

to Reuters.

"Russian fertilizer exports have largely adapted to the

restrictions that were in place and are already operating near

full capacity."

Nutrien ( NTR ), the world's top potash producer, believes there is

little potential for increased exports from Russia and Ukraine

in the short term.

The three-country Black Sea deal has an unclear future.

Russia has listed conditions required for it to comply with it,

including lifting some restrictions on Russian banks, and much

commercial traffic has already been occurring despite the

military conflict.

Russian and Belarusian potash and other fertilizers have

been struggling to get out into world markets since European

Union nations imposed restrictions on exports from those

countries; Ukrainian ports are on the other side of the war

line; and Russian Black Sea exports have been sailing through a

war zone. However, alternate routes have been developed,

allowing fertilizer to reach many buyers.