In recent months, fertilizer prices around the world have risen significantly. The market has also been impacted by the rise in the price of oil and natural gas. The Family Farm Action Alliance petitioned the US Department of Justice in December to investigate fertilizer companies in relation to price rises. In the next few years, the global fertilizer industry is expected to grow at a compound annual growth rate of around 4%. Growth in the Asia-Pacific region and a decrease in arable land mass are two of the most prominent trends expected to shape the market in the coming years.
Here is Insider Monkey’s list of the 10 best fertilizer stocks to buy now. CVR Partners, LP has seen its share price rise by more than 390 percent in the last year. The stock has plenty of room to rise even further if supply disruptions persist in 2022. ICCL Group Ltd is the world’s largest producer of bromine. An important part of the company’s product line is phosphate. The Dead Sea, renowned for its abundance of salts and minerals, is where the company has a significant presence. It was announced in early January that UBS had selected Intrepid Potash as one of its “resilient” picks in the chemicals and agriculture sector. The bank claimed that rising commodity and energy prices were causing an increase in the cost of specialty chemicals. Nitrogen fertilizers are made and sold by LSB Industries, Inc. Analysts predict that by 2022, the company will have generated sales of over $500 million. More than 4% growth is expected in the ammonium sulfate fertilizer industry over the next five years. With a target price of $73, Deutsche Bank analysts upgraded Compass Minerals International, Inc. Lithium alone, according to the analyst, has the potential to boost the stock’s value by $30 per share in the coming years. For more details, click the 10 Best Fertilizer Stocks To Buy Now.