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3 Fertilizer Stocks Booming with Rising Food Prices By StockNews

by Mike Robinson

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© Reuters. With rising food prices, 3 fertiliser stocks are on the rise

Food prices are expected to continue rising due to shortages and lower agricultural production. The fertilizer industry could benefit from this. We believe it would be prudent to place a bet on the health of fundamentally sound fertilizer stockpiles. Nutrien (NYSE:), Mosaic Company (NYSE:) and Intrepid Potash. (NYSE:). Let’s discuss.Supply chain disruptions, transportation issues, labor shortages, and the negative impact of climate change on agricultural output continue to drive food prices higher. According to the UN Food and Agriculture Organization’s (FAO) monthly Food Price Index, global food prices rose nearly 33% in September 2021 compared to the year-ago period.

The industry will also benefit from a growing population and shifts in dietary habits. Global Market Insights predicts that the global fertilizer market will grow by 2.4% between 2021-2027, according to their report.

It could make sense to acquire shares in the fundamentally solid fertilizer stocks Nutrien Ltd., The Mosaic Company, (MOS), Intrepid Potash, Inc., (IPI). These stocks are likely to bring in significant returns over the next few months.

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