China’s campaign to heat millions of extra homes this winter by redirecting natural gas has forced their domestic fertilizer producers to cut production in half.
Due to China being the world’s top agricultural market, the impact of halving their domestic fertilizer capabilities should instantly be felt worldwide.
Given the heightened state of China’s agricultural pressure, boost for fertilizer firms around the world is plausible, including Potash Ridge Corporation (TSX: PRK) (OTC: POTRF), CF Industries Holdings, Inc. (NYSE: CF), Nutrien Ltd. (NYSE: NTR) (TSX: NTR), Sociedad Química y Minera de Chile S.A. (NYSE: SQM), and Verde Agritech Plc (TSX: NPK) (OTC: AMHPF).
The result of the decline on fertilizer production in Chinas has been a spike in agricultural production costs, as the sector scrambles to make up the …View the full post at: China’s Fertilizer Shortage Giving Global Producers a Boost …
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