fertiliser prices are up for the year, but nothing compared to the ridiculous spike in 2008.
Goldman Sachs recently kept stocks like Potash (POT) and Mosaic (MOS) at a neutral rating, while acknowledging the likelihood of summer growth from South American export orders.
But the big question is whether the 2008 spike, when phosphorus prices surged 800%, is a sign of the future.
Unlike other basic elements of fertiliser, phosphorus is becoming scarce. A peak in global supply — circa 2035 — will drive up fertiliser costs. Only the very near term is uncertain.
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