© Reuters. Mosaic vs. Scotts Miracle-Gro: Which Fertilizer Stock is a Best Buy?
The fertilizer industry is well positioned to capitalize on rising food prices. That is why the national fertilizer companies Scotts Miracle-Gro (SMG) and Mosaic (MOS) are increasing their production. But let’s find out which of these two stocks is a better buy now. Scotts Miracle-Gro Company (NYSE 🙂 manufactures, markets and sells brand name consumer lawn and garden care products worldwide. The company operates through three segments: US Consumer, Hawthorne and Others. In addition, it offers hydroponic products and lighting components that aid in growing plants and vegetables indoors, using little or no soil. It serves home and garden centers, nurseries, large hardware chains, e-commerce platforms, and pharmacies and food. The Mosaic Company (NYSE 🙂 produces and markets concentrated phosphate and potassium nutrients for crops in North America and internationally. The company operates through three segments: phosphates, potash and mosaic fertilizers. In addition, it provides nitrogen-based crop nutrients and animal feed ingredients and other ancillary services. MOS sells its products to wholesale distributors, retail chains, farmers, cooperatives, independent retailers, and national accounts. The huge increase in food consumption during the COVID-19 pandemic has benefited the fertilizer industry, resulting in record net sales last year. However, the high demand for fertilizers to obtain good crop yields had led to a shortage in the supply of potash and phosphate, two main components used in the production of fertilizers, leading to an increase in their prices. Continue reading on StockNews