Industry News

Implications of Reduced Fertilizer Consumption for Food Security

Key words of the passage: fertilizer; reduction; food; security; outlookThe short-term impact of reduced fertilizer consumption is the threat of a significantreduction in crop yields in the next harvest, prompting lower food production and ultimately increasing the number of people at risk of hunger and starvation. Modelling by Gro Intelligence conducted in July 2022 implies that in IFA’s ...

08-31

Statistics Canada releases 2022 field crop estimates report

Key words of the passage: crop; harvest; statistics; yieldWith the 2022 harvest started in many areas across the country, the federal government has compiled all the information it has to try and get a glimpse of how much is coming off the fields in terms of yield. For the most part, numbers seem higher than they were in 2021 following a severe drought in the prairies, thoug...

08-30

Brazil: Brazil Agriculture Seeks Remedies for Potential Fertilizer Disruptions

Key words of the passage: fertilizer; agriculture; import; productionBrazil is a powerhouse agricultural producer, ranking among the top three global exporters for a host of commodities. To support its massive agribusiness sector, Brazil relies on imported inputs, including fertilizers. Annually, Brazil imports over 80 percent of its total fertilizer needs. The conflict between Russian...

08-29

Medium-term outlook determined by severity of supply shortages in the short-term, plus return to agronomic fundamentals

Key words of the passage: fertilizer; demand; consumption; outlook In the medium-term (FY 2024 to FY 2026), global fertilizer demand is expected to continue its recovery, differentiated by scenario: • In the pessimistic scenario, global fertilizer demand reaches 194.6 Mt nutrients in FY 2026, 2 Mt above FY 2019 but 9 Mt below the FY 2020 level.• In the mid...

08-26

Global fertilizer use estimated to have declined in FY 2022

Key words of the passage: fertilizer; use; decline; globalGlobal fertilizer use is estimated to have declined by 1.6% to 200.6 Mt in FY 2021 after a 6% jump to 203.8 Mt in FY 2020. The decline in FY 2021 is driven by lower fertilizer affordability (and associated changes in crop mixes), the war in Ukraine and some advance fertilizer purchases made in the previous year. According t...

08-25

Azoty Drops as Polish Fertilizer Output Halts on Gas Prices

Key words of the passage: nitrogen; fertilizer; production; gas; price Shares of Grupa Azoty SA tumbled after Poland’s biggest chemicals company halted production of nitrogen fertilizers and trimmed output of ammonia because of record gas prices. “The current situation on the natural gas market that determines profitability of production is exceptional,” Grupa Azo...

08-24

Import exposure is strongest for potash, with most countries reliant on trade

Key words of the passage: feertilizer; import; potash; worldAnother factor considered in the supply allocation methodology is the exposure of countries and regions to fertilizer imports, particularly to imports coming from countries where exports were significantly limited in H1 2022. An index of fertilizer import exposure was developed based on the following elements: the share of fer...

08-23

Vietnam Fertilizer Market and Key Players

Key words of the passage: fertilizer; market; growth; import; export; companyAgriculture plays an important role in Vietnam's economy, with the agricultural population accounting for over 50% of the total population, and arable and forest land accounting for 60% of the country's total land area.According to the analyst's analysis, Vietnam features a low concentration ...

08-22

Fertilizer Usage Is Being Pummeled by Europe’s Energy Crisis

Key words of the passage: fertilizer; use; price; product; marketl Global fertilizer use could plunge 7% next season, IFA saysl About 25% of Europe’s nitrogen capacity is curtailed: CRU The energy crunch throttling Europe’s fertilizer output is threatening to force the world’s farmers to use even less of the nutrients crucial for growing food. Soaring pr...

08-19

Forecasting Fertilizer Supply

Key words of the passage: fertilizer; supply; forecast; capabilityAs a trade association, IFA is prohibited from forecasting future output levels of the industry. Instead, the Market Intelligence Service forecasts a supply measure known as capability, which combines announced capacity developments and an adjusted effective operating rate based on historical trends. This results in a forecast...

08-18

Backdrop to The Fertiizer Outlook

Key words of the passage: outlook; fertilizer; supply; outlook The situation in Ukraine requires a new methodology to assess future fertilizer supply and demand.In traditional market cycles, the balance between fertilizer supply and consumption is most often dictated by cost competitiveness and incentive to produce, resulting in market rationalization which plays out at the i...

08-15

Japan Agricultural Fertilizer Market

Key words of the passage: agrticulture; fertilizer; market; manufacturerJapan’s Food and Agricultural Materials Inspection Center (FAMIC) manages the approval of fertilizers that enter Japan’s agricultural market. Agricultural business is a key industry for Japan. The structure of agricultural business in Japan is quite different from western models. Most Japanese farms ...