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North America: hope for improvement. (Farm Chemicals) (Industry Overview)
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Chemical Week
- Article date:
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September 9, 1992
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Copyright informationCOPYRIGHT 1992 Chemical Week Associates. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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North American fertilizer companies did not fare very well in the spring of 1992. Margins were decent on potassium- and nitrogen-based products, but phosphate fertilizer prices were weak. Mild cornbelt weather could result in a bumper harvest, possibly leading to government acreage set-asides that could hurt fertilizer demand. Significantly increased fall wheat plantings should mitigate the effects of corn set-asides, however.
Bumper crops could dampen demand
North American fertilizer producters did not do as well as expected last spring. Although margins for potassium and nitrogen products were decent, phosphate fertilizer prices weakened, despite high operating rates. It ...
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