AEV 0.00% 0.6¢ avenira limited

30pc phosphate price rise on the way

  1. 13,126 Posts.
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    Just attended a farm field day in Bolgart (central wheatbelt) and had a rep from Summit Fertilisers presenting. Next week there will be an approximate 30-40% rise in MAP and DAP based fertilisers in Western Australia to around $1300-1400/t. That is unprecedented! I will confirm when the official announcements come out.

    MAK is going to be hot property moving forward and a large enough project at Wonarah to have plenty of predatory fish swimming around.

    I think we have another FMG on our hands only with 4% of the shares on issue. I am starting to believe this share can realise multiples of dollar gains ...

    Rock phosphate prices are likely to surge much higher from US$200/t ...
 
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