Fertilizer and Agriculture Sector is signalling a buy in this downward market.Food grain demand is going higher in India and China.Consumption of protein has increased in these countries as there inflated econmies look for more growth.Also India needs to feed 1.1billion people and China 1.3 Billion people always create a buffer food grain stock.
Global warming and High fuel prices and shift to ethanol is putting pressure on these food grains.Rice prices jumped 30 per cent to an all-time high on Thursday, raising fears of fresh outbreaks of social unrest across Asia where the grain is a staple food for more than 2.5bn people.
In this sector Potash Corporation of Saskatchewan Inc.( POT ) signal a buy at this time creating a flat base with very tight volume action.Also CF Industries with very low PE and very good price/volume action signal a buy.
Terra Nitrogen Co., ( TNH ),Mosaic( MOS ),Agrium( AGU ) with its on production and supply network create a buying opportunity at this time.
With this demand of seed Monsanto( MON ) would be demand as more genetically Modified seed would be in demand as farmer look for more output.
http://dollarrupee.blogspot.com/2008/06/fertilizer-and-agricu...
$148.0 (06/12/08)
