'Indeed, earlier this year Potash Corp. chief executive Bill Doyle bitterly lamented the fact that nitrogen and phosphate producers "screwed up their businesses" by slashing prices to spur sales in the face of slumping demand. Margins evaporated practically overnight.'
This is a very important statement that I have been trying to get people to discuss but without much success. How many phosphate producers are making profits out of the current phosphate rock price? If very few, then this price is unsustainable and will inevitably rise.
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