That's what I have been saying all along - Fertiliser in Brazil is very important not only for Brazil, but also the worlds food supplies. Our future!
From Mirabaud's News and worth re-posting.
"Agriculture is the key growth industry in Brazil, but whilst the country has abundant sun, water and land, it lacks the fertilizers required to maximise yields. Brazil is currently the largest importer of fertilizers (70% usage, India 43%, USA 36% and China 7%). The Government wants the country to be self-sufficient in fertilizers by 2020, but as fertilizer use continues to increase (+12% between 2012-2014) so does the level of imports (+23%), whereas domestic production continues to fall (-9%). Brazil currently imports over 90% of its potash and 51% of its phosphate and the country’s only potash mine, Vale’s Taquari-Vassouras, is due to be depleted by 2018."
HMI Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
