This post was originally published on this site
Meanwhile, natural gas prices in Europe and Asia have skyrocketed to record highs due to low storage levels and supply constraints. This is contributing to increasing fertilizer prices. Natural gas is a necessary raw material for making nitrogen fertilizers like ammonia, urea, and nitrates. In addition, China has restricted its fertilizer exports until June 2022 to maintain domestic availability. So, fertilizer prices are expected to remain high amid demand-supply imbalances.
Therefore, we think it could be wise to scoop up quality fertilizer stocks Nutrien Ltd. (NTR), The Mosaic Company (NYSE:MOS), and Intrepid Potash, Inc. (IPI) to capitalize on the rising fertilizer prices due to the supply constraints.
