Fertilizer Producer Mosiac Flying High on Increased Demand

The Russian drought has caused a spike in wheat prices. The United States Department of Agriculture forecast lower yields for the current corn crop. Worldwide the rising demand for raw agricultural products is creating a need for more production. One way to increase production is to use more fertilizer. Enter Mosaic MOS, the world's largest combined producer of phosphate and potash. Mosaic is sitting on a virtual gold mine. It produces about 10 million tons of phosphate and the same for potash. Business is flourishing. Quoted in Investors.com, Chief Financial Officer Larry Stranghoener said: "The supply- demand factors are quite tight in our favor. We're scrambling to produce all we can to meet demand." Continue reading the article.