Ann: Production and Commissioning Update, page-63

First 63 Last

Share
Profile

Follow
YesDavid

497 Posts.

37

19/07/21

13:14

Post #: 54601977
Share
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...

Expand

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

Reply

Top Stories

PME

Pro Medicus snaffles 5-year contract extension worth $32M for RIS technology

ASX Market Update: Index pulls back from record highs | October 16, 2024

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

BM8

Battery Age Minerals gets set to capitalise on critical mineral demand

JBY

James Bay latest lithium player to pivot to other metals amidst lithium slump