08 November 2010 10:21 [Source: ICIS news]
HANOI (ICIS)--The fertilizer market will see an eventual shift away from commodity fertilizer products to specialty fertilizers, driven by the potential for increased yield and lower water consumption, a source with a major South America-based producer said at an industry conference on Monday.
A switch from products such as urea and diammonium phosphate (DAP) to water-soluble potassium nitrate is already beginning to happen in growth markets like ?xml:namespace>
He was speaking on the sidelines of the International Fertilizer Industry Association (IFA) Crossroads Asia-Pacific conference in
At present, the specialty fertilizers market is probably only measured in the hundreds of thousands of tonnes.
The source said that trade will change, even though the pace at which developing countries adopt specialty fertilizer products will differ according to the country involved.
“[Specialty fertilizers] are the future. It’s very simple: Indian and Chinese consumers want better food, and water resources are getting scarcer worldwide,” said the prod
These technologies, contrary to perception, are increasingly being adopted in developing markets such as
Typically, distributors pay much higher prices for these premium products, but the yield is considerably higher, said the source.
In markets like
“We’ve seen sales to these countries double every year in terms of turnover and volume,” said the source.
Products such as potassium nitrate are mixed with water and applied directly to crops such as fruit. The producer said this ensures the correct amount of product is applied, which saves water and fertilizer.
The IFA Crossroads Asia-Pacific conference takes place in
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