Industry News

India’s fertilizer subsidy bill may overshoot by Rs 40,000 crore: Crisil

The government’s fertilizer subsidy bill could increase by Rs 40,000 crore this financial from the already-announced allocation of Rs 2.15 lakh crore because of the continued surge in the prices of the key raw material-natural gas– for manufacturing urea, rating agency CRISIL Ratings said on Thursday. The rating agency said any delay in increased allocation and disbursement would lead to ...

10-28

FBN survey shows American farmers are not pulling back on fertilizer usage despite high costs

Farmers Business Network (FBN®), the global AgTech platform and farmer-to-farmer network, released its first Fertilizer Price Transparency Report, an in-depth examination of how rapidly increasing fertilizer prices will impact farmers’ application rates this fall and planting decisions next year. The report is based on FBN member input on fall fertilizer price quotes, their 2022 application rat...

10-24

Mosaic Sees Fertilizer Demand Supported by Tight Crop Supplies Into 2023

Mosaic Co said it expects tight grain and oilseed markets into 2023, encouraging the continued use of fertilizers despite their surging costs. "The war in Ukraine, high temperatures in North America and Europe, and developing drought conditions in parts of South America highlight the risk for reduced yields globally," Mosaic said. The world's fourth-largest fertilizer produ...

10-21

OCP Buys 50% Stake in GlobalFeed from Spanish Fertinagro Biotech

Moroccan state-owned Phosphate giant, OCP Group, announced on Monday it acquired 50% stake of GlobalFeed S.L. from Fertinagro Biotech S.L., a major Spanish fertilizers producer. “This acquisition confirms OCP’s objective to diversify its phosphate solutions and become a leading player in the animal nutrition sector, addressing growing demand and expanding its offerings to specialty sustai...

10-14

Morocco’s OCP Group to dedicate 4 Mln Tons of fertilizers to African Countries

Morocco’s state-owned phosphate OCP group has pledged to dedicate 4 million tons of fertilizers for African farmers in 2023 in a solidarity move with African countries. The announcement was made by OCP Chairman & CEO Mostafa Terrab at the ongoing 2022 IMF-World Bank Annual Meetings held in Washington-DC 10-16. Over 44 million farmers across 35 countries will benefit from the new Mo...

10-13

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10-13

Chinese Construction Firm to Buy 50% of East African Potash Mine

State-owned infrastructure construction firm Sichuan Road and Bridge Group Co. Ltd. (SRBG) (600039.SH) is planning to acquire a 50% stake in a major potash mine in East Africa in its latest push into the mining industry. Chengdu-headquartered SRBG has signed a $166 million deal to acquire half the stake in the Colluli Potash Project in Eritrea from Australian fertilizer developer Danakali Ltd...

10-12

U.N. Pushes for Global Fertilizer Price Cut to Avoid 'Future Crisis'

The United Nations is pushing to cut the price of fertilizers to avoid a "future crisis" of availability, said a senior U.N. trade official who is involved in talks aimed at boosting the export of Russian fertilizers, including ammonia. Russia's war in Ukraine has fueled a global food crisis and soaring fertilizer prices, according to the United Nations. Russia and Ukraine are k...

10-11

Japan keen to use sewage sludge as fertilizer

As prices for chemical raw materials continue to soar, the government is working toward using sludge generated by the sewage treatment process as fertilizer.Chemical fertilizers are ubiquitous in the farming realm, but Japan relies on overseas imports for related raw materials such as urea and potassium chloride. Due to the ongoing war in Ukraine, among other factors, prices for these materials ha...

10-10

Worldwide fertiliser shortage prompts Peru to turn to bird poo

As countries around the world wrestle with shortages of imported fertiliser, Peru has turned to a tried and tested alternative: bird poo. In the 19th century, fortunes were made and lost on guano, the potent excrement of fish-eating seabirds which was harvested by enslaved people from Africa and indentured Indigenous and Chinese labourers. It is a superb organic fertiliser containing an ...

10-09

Brazil Potash signs binding offtake, marketing, and barge transportation agreements with Amaggi

Brazil Potash Corp. has announced the signing of the following legally binding agreements with Amaggi Exportação e Importação Ltda. one of the world's largest privately held soybean producers with complimentary operations spanning agricultural farming, commodities trading, logistics operations and energy production, and also with its logistics subsidiary, Hermasa Navegação da Amazônia L...

10-08

Stanford Engineers Design Clean Fertilizer that Mimics Lightning

Key words of the passage: fertilizer; lightning; production; systemStanford engineering professors and students developed a clean fertilizer system by mimicking the method by which plants are naturally fertilized — lightning. The fertilizer system, developed by the Stanford Plasma Physics Lab, is an environmentally-safe and affordable alternative to conventional fertilizers, which can reduce fer...

09-30

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