IFA ’08: Eastern Europe to be ferts growth area

19 May 2008 09:38  [Source: ICIS news]

VIENNA (ICIS news)--The growth area for fertilizer consumption in the EU will come from the new member states in the east, while usage in the western countries will decline, said Christian Palliere from the European Fertilizer Manufacturers Association (EFMA).

 

With the exception of Slovenia, all 12 new EU member states were forecast to show positive growth in fertilizer consumption over the next five years, he said at the 76th International Fertilizer Industry Association (IFA) conference.  

 

Meanwhile, overall consumption in the western countries of the EU was expected to decline, he added.

 

As a whole, EU nitrogen consumption was forecast to rise anywhere between 4-8% between now and 2012, while usage of phosphates and potash was anticipated to decline.

 

Palliere also said that the revision of the EU's Common Agricultural Policy (CAP) was expected to have a slightly negative impact on EU fertilizer consumption.

 

While the abolition of set-aside land and the suppression of milk quotas was likely to have a positive impact, compulsory modulation and the adaptation of cross compliance would have a negative impact, he said.

 

The simplification of the single farm payment (SFP) was expected to have a slightly negative impact, while suppression of carbon credits would have a neutral impact, he added.

 

The IFA conference runs from 19-21 May.

 

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By: Rebecca Clarke
+44 20 8652 3214

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