US fertilizer firms set fair for bumper year - BoA

19 June 2007 09:50  [Source: ICIS news]

MUMBAI (ICIS news)--US crop protection chemical and fertilizer suppliers should enjoy a good year as corn and soy production are in line with 2006 rates and cotton looks even better, said Bank of America.

 

BoA’s top picks are Rohm and Haas and PPG Industries, the bank said in a report on Monday.

 

BoA said it expects better demand compared with last year, as recent commodity price trends reflect greater strength in soybeans.

 

The greatest risk to the industry could be sluggish US demand given elevated energy prices and pressure in the housing and automobile sectors, it said.

 

The bank said it has a “market weight” rating on the chemicals, adding the sector recommendation reflects a balanced approach to cyclicality.

 

By: Isha Jha
+65 6780 4359

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