The trade report is out. Just as expected with the USA paying 3 times more for natural gas, the USA cannot compete with the world when it comes to fertilizer sales.
Imports of fertilizer iINCREASED by $98 million last month
Exports of fertilizer DECREASED by $9 million last month
The industry is getting squeezed on both ends. When 90% of the cost to produce fertilizer is 3 times cheaper in many parts of the world this is what is expected. NET SSALES IN 2009 will SLIDE inot the tolitio. By 2010 the industry may very will be dead!!!!
http://www.census.gov/foreign-trade/Press-Release/current_pre...
$40.42 (03/11/08)
