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According to a Global Market Insights report, the global fertilizer market is expected to reach $210 billion by 2027. This year, the prices of fertilizers, primarily phosphates and urea, surged due to soaring demand and higher input costs. Moreover, according to World Bank Blogs, fertilizer prices are expected to stay high through the remainder of the year.
So, we think it could be wise to scoop up the shares of fundamentally strong fertilizer stocks Nutrien Ltd. (NTR), The Mosaic Company (MOS), and ICL Group Ltd (ICL). They are expected to generate significant returns in the coming months based on their solid financials.
