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Mosaic reported that higher potash and phosphate prices lifted its Q4 2017 net sales 12% to $2.1 billion. Its DAP averaged $348/t, up from $317/t, and potash averaged $188/t, up from $169/t.
Arab Potash also reported record sales and higher profits, driven by demand from China and India.
Rising realized phosphate and potash prices across major producers confirm firm fertilizer pricing, which raises crop production costs and supports prices for the feed-grain complex.
investingnews.comMelissa ShawFeb 20, 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.
