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3 Fertilizer Stocks to Buy as Supplies Remain Tight -Breaking

by Mike Robinson

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© Reuters. As Supplies remain tight, 3 Fertilizer stocks to buy

The unprecedented supply crunch is causing fertilizer prices to continue climbing. It shows no sign of slowing down anytime soon. We believe it would be prudent to place your money on solid fertilizer stocks in this context. Nutrien (NYSE:), The Mosaic, (MOS), Intrepid Potash (NYSE :). Keep reading. Rising fertilizer costs have worried farmers. Green Markets North American Fertilizer Price Index climbed 4.4% to reach $1,094.35/short ton on November 12, 2021. It is now higher than its previous record of $1,048.23. As farmers are unwilling and unable to absorb the increased prices, they plan to shift to less fertiler-intensive crops.

Due to supply and storage constraints and low levels of stock, the prices have risen to new heights in Europe as well as Asia. This has led to an increase in fertilizer costs. Natural gas, which is needed to produce nitrogen fertilizers, such as ammonia or urea, can be used. China has also restricted exports of fertilizer until June 2022, to preserve domestic availability. So fertilizer prices should remain high despite the demand-supply imbalances.

We believe it would be prudent to purchase quality fertilizer stock Nutrien Ltd. Mosaic Company (NYSE:) and Intrepid Potash, Inc., (IPI), to take advantage of the increasing fertilizer prices due the the shortages.

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