The Role Of Florida Producers In World Phosphate Markets

The spiraling rate in phosphate rock demand during the period 1957 to 1967 led producers to expect a continuation of a high growth rate. Consequently they expanded production capacity to meet the expected demand. Both the domestic and the world demand has shown little growth over the past three years. Florida producers operating at less than 75% of installed mining capacity, produce all that their markets will absorb. We expect that the nest few years will bring only a slight improvement in this condition. An increased demand in the domestic agricultural market will be partially offset by a continuing erosion in the export market.