Key points you miss out are:1) China produced more rock...

Key points you miss out are:
1) China produced more rock phosphate in 2007 than in 2006 (5 million tonnes more) and 'they are still curbing exports and will be net importers in the future (not in the report but reported elsewhere'.
2) China's reserves are effectively off the market (1/3 of world reserves). Where will people who purchased China's phosphates turn to?
3) If the take China's growth in production out of the equation last year...rock phosphate production was static world wide.
3) Doesn't take into account the trend effect of biofuels.
4) US production of rock phosphate has gone down 5 years in a row and based on their existing reserves they will run out in 40 years!
5) The report also states they have no 'stockpiles' and there is no alternative for phosphorous.