Food riots spell potash risks
The global food crisis is making headlines around the world these days, which should be good news for fertilizer producers. After all, food shortages and fertilizer demand seem to go hand in hand.
But that's not the way Sam Kanes, an analyst at Scotia Capital, sees things. In a note to clients, he suggested that the longer the global food crisis persists as the world's biggest news story, the more likely there could be a popular backlash against biofuel subsidies – and that's a growing risk for potash producers like Potash Corp. of Saskatchewan Inc. and Agrium Inc….more at theglobeandmail.com