AEV 23.1% 1.6¢ avenira limited

eye on the prize

  1. 1,285 Posts.
    I think this has already been posted a while back, and still applies. Year Of Phosphate!


    A Heyday In The Heartland
    February 08, 2008: 08:05 PM EST

    There are three basic fertilizer components: nitrogen, phosphate and potassium. Canada is a huge supplier of potassium and phosphate to the U.S. Morocco accounts for 99% of the 2,300 tons of phosphate rock imported to U.S. markets. Production of the natural gas-based ammonium nitrates is increasingly centered in Trinidad and Tobago, off the coast of Venezuela.

    A shift is under way in the types of fertilizers most likely to benefit from gains in commodity prices. Producers focused on nitrate production -- CF Industries CF, Terra Industries (NYSE:TRA) TRA and Terra Nitrogen TRA -- are likely to surrender some pricing power.

    Increasingly tight supplies are giving an upper hand to potassium and phosphorus miners and producers.

    Potash Saskatchewan POT, the largest player in the group by market capital, divided its $5.2 billion in 2007 revenue evenly among the three lines.

    Agrium AGU pulled more than half its $5.8 billion in revenue last year from phosphates.

    Jacob Bout with CIBC World Markets, in his 2008 outlook, called 2007 "the year of nitrogen."

    "We believe 2008 will be the year for phosphate fertilizer," the report said. "We expect potash and phosphate prices to peak in mid-2009, while nitrogen prices should moderate through 2008 into 2009."

    Name of the Game: Low-cost production and distribution. Access to raw materials is fast becoming key to the phosphate and potassium segments.
 
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