Ann: Production and Commissioning Update, page-63

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YesDavid

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19/07/21

13:14

Post #: 54601977
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Originally posted by camban: ↑

As we focus on the micro here, it’s easy to lose sight of the bigger picture, as evidenced in the below US farming report published last month. Tight global supply, competitors with restrictions, increase crop planting etc etc. The backdrop is still very promising once teething is over:

Fertilizer costs squeeze 2022 profits
History suggests nutrient prices could stay high into fall.

https://www.farmprogress.com/fertilizer/fertilizer-costs-squeeze-2022-profits

Fertilizer prices continue their march higher around the world...
Shipping woes, plant shutdowns, politics and trade disputes added to the fertilizer market’s buoyancy...
Demand is also surging as economies recover from the pandemic and struggle to feed a hungry world...
Farmers around the world are gearing up to expand crop production...
Growers are forecast to add 23.5 million acres of coarse grains, soybeans and wheat around the world this marketing year, with more gains expected for 2022...
Chinese companies have been told to increase stockpiles to make sure the country’s farmers have what they need...
China and India increased subsidies to farmers to make sure they can afford these higher prices...
Chinese potash imports meanwhile are up 20% compared to 2020, with ammonia volume 18% higher...
The US’s Mosaic Company earlier this month announced the early closure of two potash mine shafts that could tighten supplies until another facility closed in January 2020 due to poor prices can be reopened...
Sanctions on Belarus continue...

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Meanwhile, fx touched a new low today, and may possibly go below 0.7 if lock down is continuing. The whole picture will be exceeding predictions in so4 Fs.
SO4 Price at posting: 32.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Ann: Production and Commissioning Update, page-63

Top Stories

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Vulcan appoints investment bank and M&A veteran to board

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Utah authorities sign off on Anson's lithium extraction plans at Green River

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

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