You still need to apply fertilizer. SOI will now struggle to compete for the crop wastes it needs to make its products. Now potash prices have surged nearly 250% for the year to date, farmers will be reluctant to export this now very valuable crop nutrient, to end users like SOI.
If you export these nutrients, you must be paid at the very minimum the cost of replacing those nutrients and that is what has now killed the export oaten hay industry in WA and SA and will also kill the cereal stubble market. Pays to keep thos crop wastes because they contain valuable fertilizer units.
SOI will struggle in the unfolding agricultural paradigm of high costs ...
SOI Price at posting:
0.0¢ Sentiment: LT Sell Disclosure: Not Held
