Buy These 3 Fertilizer Stocks to Help Your Portfolio Grow By StockNews
As food demand continues to rise with population growth and dietary shifts, the demand for fertilizers should keep growing. So, we think it could be wise to add quality fertilizer stocks Nutrien (NYSE:), The Mosaic Company (NYSE:), and ICL Group (ICL) to one’s portfolio. Keep reading. While the COVID-19 pandemic-led restrictions have negatively impacted fertilizer markets, the demand has not changed. These are factors that drive higher demand for food and an increase in fertilizer demand.
Global Market Insights predicts that by 2027, the global fertilizer industry will be worth $210 billion. The soaring global demand for fertilizers (mainly phosphates/urea) and the higher costs of inputs led to an increase in prices. According to World Bank Blogs fertilizer prices will remain high throughout the rest of the year, too,
It could make sense to purchase shares of the fundamentally strong fertilizer stocks Nutrien Ltd. Their solid financials will ensure that they generate substantial returns over the coming months.
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