Despite stagnant phosphate rock prices and demand, phosphate juniors continue to find financing to extend mineral resource estimates and develop their projects.
Articles Tagged "phosphate stocks"
Tight supplies and high prices of agricultural products including corn and wheat are expected to increase demand for fertilizers, through the near future, however, sometime past 2012, more plentiful supplies should halt potential shortages.
The recent earnings season was record-setting for many fertilizer producers, and despite a shaky global economy analysts expect that high-profits will continue into the foreseeable future.
Despite U.S. farmers move to plant more corn this spring, supplies will remain tight through 2012, according to the U.S. Department of Agriculture’s chief economist Joe Glauber. As the price of corn rises, so does the incentive for farmers to fertilize their crops; good news for potash and phosphate prices.
Analysts have already warned that extremely tight phosphate inventories could put significant constraints on supplies and further buoy phosphate prices. In some areas, analysts caution that phosphate supplies may be used up, resulting in a delay for farmers to get their hands on much needed phosphate.