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Bullboard - Stock Discussion Forum Verde Agritech Ltd T.NPK

Alternate Symbol(s):  VNPKF

Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multi-nutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, Silicio Forte, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and... see more

TSX:NPK - Post Discussion

Verde Agritech Ltd > If you are long NPK you are short the DXY
View:
Post by Moonshot13 on Jul 11, 2022 10:58am

If you are long NPK you are short the DXY

And the DXY is on an Epic Run that shows no signs of slowing down. Understand your trade
Comment by KirklandX on Jul 11, 2022 5:51pm
I really don't want to respond, but you just make it so hard not too.  NPK's costs are in Brazillian R$, and they earn in US$. A weak R$ is therefore good, as is a strong US$. The title of your post is fundamentally wrong. Yes, most commodities are US$ priced, but where your operating costs are in a devalving currency, then that is the much bigger effect.  Know your trade ...more  
Comment by Moonshot13 on Jul 11, 2022 7:15pm
Yes and the U.S. dollar strength creates demand destruction which leads to lower prices...yada yada yada. Not to mention Brazils 9% Inflation rate also hammering away at the commodity producers costs. But Nevermind my useless trolling B.S......the market is speaking and they are the jury and once again you are convicted of being Wrong.