NEW DELHI: Farmers across the world will not face any shortage of fertilizers in four years’ time.
If a UN Food and Agriculture Organisation report is anything to go by, global fertilizer supply is expected to outstrip demand by 2011-12 and will support higher levels of food and bio-fuel production.
The supply of fertilizer — nitrogen, phosphate and potash nutrient — in the global market will be surplus at 241 million tonnes in 2011-12 compared with the demand of 216 million tonnes, according to the report ‘Current World Fertiliser Trends and Outlook to 2011-12’.
FAO fertilizer expert Jan Poulisse said high commodity prices experienced over recent years led to increased production and correspondingly to greater fertilizer use, leading to tight markets and higher fertiliser prices.
If a UN Food and Agriculture Organisation report is anything to go by, global fertilizer supply is expected to outstrip demand by 2011-12 and will support higher levels of food and bio-fuel production.
The supply of fertilizer — nitrogen, phosphate and potash nutrient — in the global market will be surplus at 241 million tonnes in 2011-12 compared with the demand of 216 million tonnes, according to the report ‘Current World Fertiliser Trends and Outlook to 2011-12’.
FAO fertilizer expert Jan Poulisse said high commodity prices experienced over recent years led to increased production and correspondingly to greater fertilizer use, leading to tight markets and higher fertiliser prices.
No comments:
Post a Comment