Overall, the signs look good for phosphate and potash in 2014 — but there are a few obstacles to overcome along the way.
Outstanding demand prospects are the dominant feature of the crop nutrient outlook this year. The latest statistics from the International Fertilizer Industry Association (IFA) indicate that global nutrient use not only has recovered from the large decline two years ago but now is solidly on a new growth trajectory. For example, global nitrogen (N), phosphate
There is little doubt that crop nutrient demand will rebound this year following the unprecedented declines of 2008-09. The key question is: How much? The decline in crop nutrient demand last year exceeded even the most pessimistic forecasts a year ago. For example, the most recent estimates released by the International Fertilizer Industry Association last
Even the most grizzled veterans of the crop input industry will admit that they have never seen anything like the developments in grain and crop nutrient markets during the last 12 months. Prices of the main fertilizer products surged to record levels last year. Published spot prices of anhydrous ammonia, diammonium phosphate (DAP), and muriate
A Tale Of Two Years A year ago, U.S. growers were evaluating how many acres to switch from corn to soybeans due to low corn prices and record high nitrogen costs. Today, the corn market is screaming at growers to plant about 9 million more acres this spring than last year. A year ago, growers