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Fertilisers approaching 2007 levels
July 30, 2010 - 00:00 GMT
KEYWORDS:
IFA
,
fertiliser
,
potash
,
phosphate
,
agrimarkets
,
nutrients
The fertiliser industry is looking at healthier days with increases forecasted in both consumption and production
“World fertiliser demand is rebounding in 2009/10 and is seen as firm in the medium term,” IFA’s analysts Patrick Heffer and Michel Prud’homme declared in their report.
The IFA expects a return to more favorable and more stable market conditions, as farmers are seen as reinvesting in phosphate (P) and potash (K) fertilisers to maintain or improve the fertility of their soils. As a result, P and K fertiliser production and consumption are forecast to increase consequently within the next four years.
According to the France-based association, world nutrient production dropped by 8% to 194m. tones in 2008/09, the lowest level since 2003. Phosphate rock production decreased by 7% and potash production by 40%.
On consumption level, global fertiliser consumption declined by 7% in 2008/09 to 156.7m. tonnes of nutrients with -11% for P fertilisers and -20% for K...
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Euromoney Institutional Investor PLC.
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