Paris, France: 13 June 2012 – The International Fertilizer Industry Association (IFA) released to the public today its Medium-Term Fertilizer Outlook 2012-2016. This report shows that demand for fertilizer is steadily increasing in response to supportive agricultural market fundamentals, while expansion of supply is still delayed because of schedule slippages for about half of projects.
On the demand side, tight market conditions for maize and oilseeds provide strong incentives for farmers to increase productivity and optimize their return. In this connection, world fertilizer demand is seen as up by 2.8% in 2011/12, and by another 2.5% in 2012/13, to reach 181 million tonnes (Mt) of nutrients (nitrogen, phosphate and potassium). When compared to 2007/08 – the last campaign before the economic downturn – world fertilizer demand is anticipated to have fully recovered by 2012/13, including for potash. During this five-year period, South Asia alone is forecast to account for approximately 60% of the net increase in global demand. Potash - a great future
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