bromby plugs mak...

bromby plugs mak again

http://m.theaustralian.com.au/OpinionNews/pg/0/fi321600.htm

Fan of phosphate

ON another aspect of food supply to meet the needs of the world's growing population, Intersuisse analyst Pieter Bruinstroop has maintained his buy on emerging phosphate producer Minemakers (MAK).

Pressure is growing on supply of the fertiliser feedstock.

Apart from China switching from exporter to net importer over the next two years, Christmas Island and Nauru are being exhausted, Canada is joining importer ranks, Europe continues to be an importer, Brazil still imports about half its phosphate requirements and the rest of South America -- with the exception of Peru -- imports its phosphate. Only Vietnam in east Asia supplies all its own phosphate. Yet much of the world's supply comes from North Africa and the Middle East where civil unrest has struck.

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The writer implies no investment recommendation and this report contains material that is speculative in nature. Investors should seek professional investment advice. The writer owns shares in Rio Tinto.
- Robin Bromby