The Emerging Competitive Position of the U.S. Phosphate Industry in Light of Overseas Developments

While the United States has been the world's largest volume producer and marketer of phosphatic fertilizers for many years, it has recently suffered heavy losses for a variety of reasons. While improved economic performance is expected, it is still at least a year or two away. But when recovery does manifest itself, it will likely yield only mediocre profits, due in part to the fact that about 50 percent of output is export-dependent. Therefore, there appears to be limited likelihood that profits will be adequate to justify the further outlay of large amounts of capital for expansion.