Mosaic (MOS) Sees No Let Up In Nutrient Demand
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In 8-K filing Mosaic Co. (NYSE: MOS) discloses its quarterly newsletter discussing its 2008 first half outlook, entitled "No Let Up"
The company notes that a one-two combination of a strong demand surge and sharp increases in energy and raw material costs has sent prices of key fertilizer products into uncharted territory. The company discussed key factor that are expected to keep fundamentals tight and momentum strong during the first half of 2008.
The firm said global nutrient demand today is growing at more than double the historical rate. The firm said the 20 million tonne increase in global demand is almost the equivalent of adding another US to world demand in just three years.
The firm said record crop prices and positive farm economics underpin the extraordinary demand outlook.
The firm said supply of nutrients struggles to keep up. The firm said producers in some regions have battled energy costs and other margin pressure throughout most of this decade, resulting in under-investment at best and permanent plant closures at worst. The company said the global industry was not well equipped to meet a demand surges of this magnitude.
Link to company newsletter
The company notes that a one-two combination of a strong demand surge and sharp increases in energy and raw material costs has sent prices of key fertilizer products into uncharted territory. The company discussed key factor that are expected to keep fundamentals tight and momentum strong during the first half of 2008.
The firm said global nutrient demand today is growing at more than double the historical rate. The firm said the 20 million tonne increase in global demand is almost the equivalent of adding another US to world demand in just three years.
The firm said record crop prices and positive farm economics underpin the extraordinary demand outlook.
The firm said supply of nutrients struggles to keep up. The firm said producers in some regions have battled energy costs and other margin pressure throughout most of this decade, resulting in under-investment at best and permanent plant closures at worst. The company said the global industry was not well equipped to meet a demand surges of this magnitude.
Link to company newsletter
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