17 November 2010 23:06 [Source: ICIS news]
SAVANNAH, Georgia (ICIS)--The global use of phosphate fertilizers is expected to increase steadily at least through 2015, a PotashCorp executive said on Wednesday.
“Global phosphate rock and phosphoric acid demand is seen increasing through 2015,” said Kelley Davey manager of market research with PotashCorp. Davey spoke at the Fertilizer Outlook and Technology Conference, held by The Fertilizer Institute (TFI).
Market shipments of diammonium phosphate (DAP) and monoammonium phosphate (MAP) are expected to increase globally in 2011 and approach usage levels last seen in 2007, Davey said.
China is expected to export about 2.5m tonnes of DAP and MAP in 2011, down from 3.2m tonnes exported in 2010.
Meanwhile, demand from India phosphate fertilizers is expected to be flat in 2011 from 2010, Davey said.
Davey noted that market drivers for phosphates over the near-term would include strong demand in all major markets, reduced producer inventories and China export policies.
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