Finally! Been like watching paint dry with this Pink sheet number
First sign of life on this indicator in a long time, been flat at 90 for over 6 months . The real surprise is TSP is up 27% - thats a real hike in something very dependant on RP for its input cost. RP up 8% in comparison - feels like the end prices are pulling RP up rather than the other way round as Morocco did last time.
tHe makeup of most fertilizers:
http://www.potashcorp.com/investor_relations/conversion_factors/
and the pink sheet link:http://siteresources.worldbank.org/INTDAILYPROSPECTS/Resources/Pnk_0210.pdf
rock phosphate price, page-2
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