NEW YORK ( TheStreet) -- Monsanto ( MON), Yongye International ( YONG) and Potash Corporation of Saskatchewan ( POT) are among the eight agricultural chemical stocks that have potential upside in the next 12 months, according to analysts polled by Bloomberg.

The U.S. chemical industry is one of the top exporters in the world and is worth $674 billion. In 2010, the U.S. federal government revealed that it spent $9.8 million on pesticides, fertilizers and agricultural chemicals.

The International Fertilizer Industry Association is projecting global fertilizer consumption growth at 3.8% for 2011-2012. The IFA expects an additional $80 billion will be invested between 2011 and 2015 in new production capacity, with the highest levels of production, sales and consumption seen to date occurring in 2011.

The global fertilizer market is in a significantly strong position in 2011, with demand levels seen growing further and prices of products also rising, improving profitability. Analysts expect these eight agricultural chemical stocks to generate lucrative returns for investors over the next 12 months. These stocks have 6%-128% upside with strong buy, hold ratings.

The stocks are stacked based on upside, great to greatest.

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