World fertilizer production is expected to outstrip demand over
the next five years and will support higher levels of food and
biofuel production, FAO said in a new report entitled “Current
world fertilizer trends and outlook to 2011/12” published
“High commodity prices experienced over recent years led
to increased production and correspondingly to greater fertilizer
use,” said Jan Poulisse, FAO fertilizer expert.
“This has led to tight markets and higher fertilizer prices.
While it is expected that the demand for basic food crops, fruits
and vegetables, for animal products and for biofuel crops is likely
to remain strong, we expect fertilizer supply to grow sufficiently
to meet higher consumption,” he added.
The FAO report estimates that world fertilizer supply (nitrogen,
phosphate and potash nutrient) will increase by some 34 million
tonnes representing an annual growth rate of 3 percent between
2007/08 and 2011/12, comfortably sufficient to cover demand growth
of 1.9 percent annually.
Total production is expected to grow from 206.5 million tonnes
in 2007/08 to 241 million tonnes in 2011/12. Fertilizer demand
will increase from 197 million tonnes today to 216 million tonnes
World nitrogen supply is forecast to rise by 23.1 million tonnes
by 2011/12; world phosphate fertilizer supply will increase by
6.3 million tonnes and potash supply by 4.9 million tonnes.
Africa will remain a major phosphate exporter and increase nitrogen
exports while importing all of its potash. Fertilizer consumption
in Africa continues to be largely restricted to 10 countries, main
consumers are Egypt, South Africa and Morocco.
It is expected that North America will continue to be a net importer
of nitrogen and that the region will move into increasing phosphate
deficit while remaining a primary supplier of potash.
Asia is expected to produce a rapidly increasing surplus of nitrogen,
but will continue to import phosphate and potash.
NFU Scotland Grain Contract and Risk Management Seminars
Arable Land Prices Break £10k Barrier
BCPC Launch New Plant Protection Website