Lang and O'Leary Exchange on Potash Go to 48:25 time of this video from "Lang and O'Leary Exchange" on the CBC:
https://www.cbc.ca/video/#/News/TV_Shows/Lang_&_O'Leary_Exchange/1308689786/ID=2177623946
-you will have short term blips when eg India tries to hold off on buying potash for couple months but demand is very robust and growing rapidly
- slow down in global economy will not affect food consumption (listen to what he said about if the Chinese economy slows down -- food consumption will continue to increase)
- Potash is a play on Global food consumption
- there is no alternative to Potash
- at the 51:40 mark - he expects M&A activities to continue in the sector. There are parts of the world that lacks the resource who will look to acquire or build capacity.
Agrium knows the fertilizer business better than any other due to the fact they produces all 3 plant nutrients (Potash, Phosphate and Nitrogen) and involve in other sectors of the Agriculture business. So the fact that the CEO of Agrium says that Potash demand is growing rapidly is really bullish.
His comments about parts of the world looking to acquire the resource is really interesting. Indian recently set up a $20 billion fund to specifically acquire fertilizer assets and we know China has their fund as well.