kal's distribution network into smallholder farmers is where the real moat is, those guys can't switch supp…by @tsquared_jse on $KAL

kal's distribution network into smallholder farmers is where the real moat is, those guys can't switch suppliers easy. fertiliser cycle turning and rand weakness actually helps them on input costs, margins should hold better than the consumer goods crowd. at r46.80 with a divvy yield you're not catching a falling knife, been through the squeeze already.