Loading…
A Freedonia Group analysis describes consolidation in the US phosphate rock market, with mining companies falling from ten in 2000 to five in 2017. Most mines are vertically integrated into fertilizer and feed supplement production.
Barriers to entry are rising for new firms.
Fewer US phosphate rock producers reduce competition and can support higher phosphate input prices. This is a structural trend rather than a new price shock.
freedoniagroup.comChris DyerMay 7, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
