Recovery and Discovery Mark Potash Markets
Potash fertilizer prices look ready to rebound as positive US economic data holds promise of record US crop planting and output.
Potash fertilizer prices look ready to rebound as positive US economic data holds promise of record US crop planting and output.
After closing out 2011 on a low, many are hopeful 2012 will be a year for potash and phosphate producers. But despite strong long-term fundamentals, the uncertainties of 2012 appear unlikely to offer a quick turn around in the value of potash and phosphate prices or company values.
India is just one of the many nations in the world dealing with a food crisis. While the country is experiencing unprecedented population growth, the amount of arable land is shrinking, thereby increasing the need for fertilizers.
A class action suit alleging price fixing by the world’s top potash producers: Potash Corporation of Saskatchewan, Mosaic and Agrium Silvinit (now merged with Uralkali) , IPC, and Belaruskali has been tossed out by a federal appeals court.
Shine's Report released research on Agrium Inc. (NYSE:AGU) and Potash Corp. of Saskatchewan (NYSE:POT).
Low inventories have granted potash and phosphate producers plenty of reasons to hike prices, and purchasers have been bearing these increases, fearing that if they don’t agree to contracts in a timely manner they may miss out on securing supplies.
NewsyStocks reported that Scotia Capital has raised expectations for Potash Corp. (NYSE:POT) to an "outperform" rating.
Canpotex and India have finally come to a six-month deal in which India will pay, at least at the onset, $470 per tonne including freight, for potash, approximately the same rate that China is paying.
CBC News reported that higher fertilizer demand prompted Potash Corp. of Saskatchewan (NYSE:POT) to raise its earnings outlook.
Shine's Room released a research report on Monsanto Corp. (NYSE:MON) and Potash Corp. of Saskatchewan (NYSE:POT).
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