Loading…
A 2017 phosphate outlook projects fertilizer demand rising from 40.6 million tons in 2012 to 46.6 million tons by 2018, a growth rate of about 2.2% per year. Asia accounts for most of the expected new demand, and about 7.3 million tons of new phosphoric acid capacity is due between 2013 and 2018.
Steady demand growth alongside substantial new capacity suggests a gradual, not sharp, firming in phosphate prices, with Asia's share of demand the key swing factor.
investingnews.comJocelyn AspaJan 10, 2017Not 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.
