No Rush to Buy Potash Stocks
Last summer, fertilizer stocks plummeted on fears that the Russia-Belarus potash dispute would flood the market with cheap potash. The issue sent shares of Mosaic (NYSE: MOS ) and Potash (NYSE: POT ) plunging and didn't help Agrium (NYSE: AGU ) either.
Fertilizer stocks have been interesting investments over the last few years with the long-term theme of demand from emerging markets not playing out. On the flip side, the dispute between Russia and Belarus brought to the surface the pricing structure in the potash market that might not be sustainable.
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