RE:RE:RE:RE:RE:RE:RE:Halting stock tradingYou raise many good points and it's refreshing to have reasoned analysis to counter the recent cheerleader posting here who clearly drank too much koolaid.
The headwinds are coming from every angle as we've discussed. Oil prices also continue to climb even higher likely forcing another diesel increase by Petrobas soon and forecasts for the next soy harvest in Brazil are already calling for yet another record, so this downturn could be prolonged further still. Corn prices continue to belly crawl along the floor. I continue to look for a light at the end of the tunnel but for now the only light is this very foggy possible carbon sale.
The only other plausible positive developments that we may see over time are more government involvement/support in the sector as the green movement agenda continues to grow. A case could be made that a national interest and carbon neutral agenda converge and assist in supporting local businesses unfairly penalized by international conglomerates that dominate Brazilian agribusiness accounting for up to 95% of potash imports. The numbers don't lie. Farmers working capital is stretched to the limit, so financing at 18% vs 6% is just not even close to a fair fight. An argument could be made that smaller businesses with similar David vs Goliath stories within the Ag industry get invited to a seat at the table.