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

Phosphate prices have surged to record-high levels.    

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.