Thursday, September 21, 2017

Chinese production of fertilizers must continue falling before global surplus

China is struggling to keep your market leadership of phosphate and nitrogen, to the extent that exports of products are retreating in the face of cost cuts adopted by the producers in the world, according to BMI consulting Research, in a note. "The surplus in fertilizer production will continue negatively affecting China, which witnessed a reduction in the production and export of nitrogen and phosphate in 2016" reported.
The lower demand reflects mainly the less remunerative prices for the grains before the crop estimate for commodities such as soybeans and corn. This has squeezed the margins of farmers, which have reduced purchases of inputs.
The institution added that China and India should continue leading the global fertilizer consumption market and the two should remain dependent on imports to cover the demand for nutrients.
GlobalFert – 20/09/2017
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