I agree these are the long term drivers of demand. And when combined with the decline in arable land area the need for fertiliser isn't going to drop.
see
http://www.tranquileye.com/clock/
for someones estimate of changing population and land area
The question is can fert supply build strongly enough over the next 5 years to catch up with demand?
potential revenue now near 2 billion pa, page-22
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