Potash Producers Rally as China Agrees to Higher Potash Prices in 2019; Our Outlook Remains Intact
On Sept. 17, the Belarusian Telegraph Agency reported that Belarus Potash Co., or BPC, agreed to sell potash to China at $290 per metric ton during the 2018-19 potash year through June 2019. The agreement represents a $60 per metric ton increase over 2017-18 potash contract prices. Last month, BPC agreed to the same $290 per metric ton price with India. The market reacted favorably to the latest news, sending potash producer shares up 3%-5% at the time of writing.We continue to forecast that po...
Mosaic is a producer and marketer of concentrated phosphate and potash crop nutrients. The company is organized into three reportable business segments: Phosphates, which owns and operates mines and production facilities in Florida that produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana that produce concentrated phosphate crop nutrients; Potash, which mines and processes potash in Canada and the United States and sells potash in North America and internationally; and Mosaic Fertilizantes, which produces and sells concentrated phosphates crop nutrients, phosphate-based animal feed ingredients and potash fertilizer.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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