© Reuters. Mosaic vs Scotts Miracle-Gro: Which fertilizer should I buy?
The fertilizer industry is well positioned to take advantage of rising food prices. That is why domestic fertilizer companies Scotts Miracle-Gro (SMG) and Mosaic (MOS) are increasing production. But let’s find out which of these two stocks should buy now. Scotts Miracle-Gro (NYSE 🙂 manufactures, markets and sells branded consumer lawn and garden care products worldwide. The company operates through three segments – US Consumer, Hawthorne and Other. In addition, it offers hydroponic products and lighting components to help grow plants and vegetables indoors, using little or no soil. It caters to home and garden centers, nurseries, large hardware chains, e-commerce platforms, and food and drug stores.
The Mosaic Company (NYSE 🙂 manufactures and markets phosphate and potassium concentrate nutrients for crops in North America and internationally. The company operates through three segments – Phosphates, Potash and Mosaic Fertilizantes. In addition, it provides nitrogen-based crop nutrients and feed ingredients, and other ancillary services. MOS sells its products to wholesale distributors, retail chains, farmers, cooperatives, independent retailers and national accounts.
The sharp increase in food consumption during the COVID-19 pandemic benefited the fertilizer industry, leading to record net sales last year. However, high demand for fertilizers for good crop yields has caused a shortage in supplies of potassium and phosphate fertilizers, the two main ingredients used in fertilizer production, leading to price increases. of them.
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