Phosphate's decline offers food for thought as market ignores fundamentals
by: Robin Bromby From:The Australian January 02, 201212:00AM
THERE'S always something new to worry about these days. Contrary to the lyrics of that song in Casablanca, the fundamental things do not always apply as time goes by.
If there was one thing you should have been able to hang your hat on in 2012, it was anything to do with food, especially with all indicators showing prices will keep rising in 2012 regardless of economic outcomes. Demand from China, losses of arable land, floods and droughts will all see to that.
RUM Price at posting:
34.5¢ Sentiment: LT Buy Disclosure: Held
