World fertilizer demand to rise 3%

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

World demand for fertilizers will rise again this season to hit a new record level, driven by growth in emerging economies and strong fundamentals in agricultural markets, the International Fertilizer Industry Association (IFA) said on Thursday.

Fertilizer demand, expressed as consumption of key nutrients nitrogen, phosphorous and potassium, should rise 3 percent to 178.2 million tonnes in 2011/12, the IFA said in a summary of a market outlook.

"Responding to attractive agricultural prices, world fertilizer demand is anticipated to rise steadily in 2011/12," it said.

Overall demand growth this season will include a 3.1 percent rise for nitrogen to 107.7 million tonnes, a 1.0 percent increase for phosphorous to 41.1 million tonnes and a 5.7 percent rise for potassium to 29.4 million tonnes, the IFA said.

The projected demand for 2011/12 will surpass an already record level of 173 million tonnes estimated for 2010/11, when an economic rebound and tight commodity markets drove a 6.2 percent rise in fertilizer consumption, the IFA said.

Of the three main nutrients, last year's demand for potassium still lagged levels it had reached before 2008/09.

"By the end of the 2011/12 campaign, world fertilizer demand is expected to have fully recovered from the (2008/09) economic downturn for the three macronutrients," IFA said.

All regions will see growth in total fertilizer demand except for Western and Central Europe, with the largest increases in East Asia, South Asia and Latin America, it said.

It tentatively forecast that world consumption of fertilizers would grow 2.3 percent in 2012/13 but said the outlook was dependent on a deteriorating context in mature economies.

On the supply side, production capacity expanded in 2011 and should grow again in 2012 as new projects come on stream in response to rising demand, it said. (Reporting by Gus Trompiz and Nigel Hunt, editing by Jane Baird)


Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...


Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Kinze 1500 Grain Cart

The Kinze 1500 Grain Cart is engineered for speed and reliability required of custom harvesters. Load up to 1500 bushels ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form