Phosphate Market Reality Check
As agricultural data continues to stream in, phosphate market participants are attempting to readjust predictions leading into the spring planting season.
As agricultural data continues to stream in, phosphate market participants are attempting to readjust predictions leading into the spring planting season.
Years of rising phosphate prices have pushed the market into adjustment, and increased production in the coming years is set to keep the market well supplied. But increased supply is also expected to push prices lower after the spring.
Mining Weekly reported that Indian buyers agreed to a phosphate price hike.
Concerns about adverse weather in western Canada and Russia are sending grain futures on a rally. This is good news for diammonium phosphate and other phosphate based fertilizer prices.
By Daniella D’Alimonte – Exclusive to Potash Investing News Brokerages UBS and Scotia Capital have both recently cut their price targets on fertilizer giants Potash Corp. of Saskatchewan (TSX: POT) and Agrium Inc. (TSX: AGU). These cuts are based on the reduced price tags on potash, diammonium phosphate, and urea fertilizers. USB cut its price [...]
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