Keep a close watch on these stocks as they are likely to benefit from surging phosphate prices!

In the turmoil caused by the war in Ukraine, fertiliser prices are spiking as input prices are affected by uncertain geopolitical trends.   

Minneapolis-based independent agricultural data firm, Data Transmission Network & Dataline (DTN) indicated this week that phosphate prices have surged to record-high levels.    

Russ Quinn at DTN-linked progressive Farmer news outlet writes, “The phosphorus fertiliser was 8 per cent more expensive compared to the last month and had an average price of USD 1,047/tonne, which is an all-time high price in the DTN data set.”  

These are some of the stocks which could benefit from the surging phosphate prices.  

Here is the list:  

Rama Phosphates: The stock has gained nearly 1 per cent in the last week and in the last one month, it advanced 16.36 per cent. The stock’s performance on a YTD basis is up by 56.37 per cent.  

Gujarat State Fertilizers & Chemicals: The stock slipped by 1.32 per cent in the last week, the stock has gained 14.36 per cent in the last one month, while on a YTD basis, it is up by 41.56 per cent.   

Khaitan Chemicals & Fertilizers: The stock saw profit booking last week as in the last one week, it tumbled 1 per cent. However, in the last one month, the stock is up by 12.97 per cent while on a YTD basis, the stock is up by a staggering 130.79 per cent.   

Phosphate Company: It had jumped 4.93 per cent on Friday. The stock added gains of 24.03 per cent in the last one month while on a YTD basis, it is up by 28.41 per cent.