More Evidence of a Bottom in Potash Prices - Analyst (POT) (AGU) (MOS)

March 8, 2013 10:30 AM EST
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Price: $110.51 +5.10%

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Analysts at Berenberg see more evidence that potash prices have reached a floor.

Analyst Gunnar Cohrs comments: "More markets in the key region of Southeast Asia are accepting the new spot price levels, providing additional support to the thesis that potash prices have reached a floor and that there is now limited downside risk going further into 2013. Only India remains problematic: there, the market is still waiting for news on the subsidy policy for fertilisers, which many market participants hope will reduce the imbalance it has created between the prices of different types of fertilisers. As the government has already set its budget, we expect some news over the next few weeks."

Related Stocks: Agrium (NYSE: AGU), Mosaic (NYSE: MOS), Potash Corp. (NYSE: POT).

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