More Upside Seen for Fertilizer Producers
Source: Globe and Mail, Darcy Keith (9/21/11)
"CIBC World Markets anticipates supply constraints from the rising costs of building new capacity."
CIBC World Markets Inc. is getting more bullish on the long-term outlook for potash prices, believing that supplies will be constrained by the rising costs of building new capacity.
Analyst Jacob Bout raised his forecast for average potash prices over the long haul to $600 (U.S.) per ton. While that's up $50 from his previous outlook, it's still slightly below the price where he believes most new global projects make sense. . .View Full Article