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NPKs
Overview
The global market for compound NPKs is one of the most important and dynamic markets in the fertilizer sector. Around 20pc of a total market of over 100mn t was traded between countries in 2023. This traded volume is growing relatively quickly, with an increasing number of fertilizer producers entering the market or expanding their supply base to meet demand from a rising number of buyers. Growth from consumers is well founded on fundamentals. Farmers are under ever-increasing pressure to improve their yields and crop quality, and to use fertilizers efficiently, not only to manage costs but to limit potential environmental losses.
Greater agricultural sophistication is bringing an increasing variety of grades to the market. Producers are also striving to move from commodity grades, such as 15-15-15, to more specific formulations (often tailored to specific customer needs) to increase nutrient-use efficiency and capture market share.
The impact of the Russia-Ukraine conflict has also seen major shifts in trade flows, given Russia’s significant compound-NPK capacity, and Russian-origin product has long been seen as a benchmark for high-quality NPKs. Russian exports have been seen shifting from Europe to India, and this is reflected in NPK & NPS grades and trade.
Argus has decades of experience covering the NPKs market. We incorporate our multi-commodity market expertise in key areas including nitrogen, phosphates, potash and sulphur to provide the full market narrative.
Argus support market participants with:
- Weekly NPKs price assessments, proprietary data and market commentary
- Bespoke consulting project support
Latest NPKs news
Browse the latest market moving news on the global NPKs industry.
Brazil, Bolivia sign fertilizer agreement
Brazil, Bolivia sign fertilizer agreement
Sao Paulo, 10 July (Argus) — Brazil and Bolivia signed a cooperation agreement on 9 July to trade fertilizers and sodium chloride (NaCl). The agreement came after Brazilian president Luiz Inacio da Silva visited Bolivia earlier this week. The deal was struck by Brazil's agriculture and livestock ministry and Bolivia's hydrocarbons and energy ministry. The deal not only sets rules for fertilizer and NaCl sales between the countries but also intends to promote energy integration between the neighbors. According to the deal, the parties will communicate with each other its own availability of urea, NPK, potash, slow-release urea and NaCl between each other according to needs; evaluate how to execute sale contracts; identify potential clients and possible destinations of fertilizers and NaCL; and cooperate on marketing strategies. The agreement will run for five years and may be extended for the same period. By João Petrini Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Fertistream buys Africa-focused Nutrisource
Fertistream buys Africa-focused Nutrisource
London, 5 July (Argus) — UAE-based trading firm Fertistream has acquired Singapore-based Nutrisource and its fertilizer assets in Africa. The deal includes the purchase of Nutrisource's new 200,000 t/yr blending unit in Togo. The unit has 60,000t of storage capacity for raw materials and 30,000t for finished product. Production of blends at the facility is expected to begin in the fourth quarter, for sale to the local region. The new unit will have the ability to produce high-phosphate NPK blends, which are in demand in the region, as well as tailored blends to meet the needs of regional crops and soils. The unit is north of the port of Lome, enabling it to supply neighbouring countries, including Burkina Faso, Ghana, Niger, Benin and Mali. Fertistream has sold almost 500,000t of fertilizers to African markets so far this year, and the acquisition will further strengthen the company's position in the continent, especially in west Africa. By Nykole King Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
India's RCF receives no offers in NPK tender
India's RCF receives no offers in NPK tender
London, 1 July (Argus) — Indian fertilizer importer RCF received no offers against its tender to buy 50,000t of 15-15-15 and 30,000t of 10-26-26, which closed on 29 June. The tender, issued on 20 June, requested shipment by 25 July to the east coast of India. Demand for high-phosphate NPK grades, such as 10-26-26 and 12-32-16, is expected to pick up as Indian buyers look for alternatives to DAP, which currently holds a $99.50/t premium over 10-26-26. This grade was last assessed at $436-443/t cfr India duty free/duty paid on 27 June. India's stocks of NP/NPK edged up to 5.3mn t at the start of June on higher imports and production. By Nykole King Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
India’s SECI seeks long-term green ammonia supply
India’s SECI seeks long-term green ammonia supply
Singapore, 10 June (Argus) — State-owned Solar Energy Corporation of India (SECI) has issued a tender on 7 June to select eligible suppliers to supply 539,000 t/yr of green ammonia. The ammonia will be supplied to 11 fertilizer facilities in India, owned by eight different fertilizer producers. Offers are to be submitted online by 29 July and in hard copy by 31 July. SECI will then hold a reverse auction to select the successful suppliers. SECI will sign a Green Ammonia Producers Agreement (Gapa) with the successful suppliers for a period of 10 years based on the terms and conditions of the tender. Participants are to submit a fixed price which shall remain valid for the duration of the Gapa. Successful suppliers under this tender are required to set up green ammonia production facilities in India to produce and supply green ammonia to the phosphate fertilizer producers listed in the table below, including building storage and transporting product to the producers. Successful suppliers will have access to the following government subsidies: 8.82 rupees/kg ($105.62/t) of green ammonia in the first year of production and supply Rs7.06/kg during the second year of production and supply, Rs5.30/kg during the third year of production and supply They will also be eligible for carbon credits, which will be issued by a separate entity and not discussed in this tender. This tender was initially announced in January . It is part of SECI's efforts as an agency under India's Ministry of New and Renewable Energy (MNRE) and the implementing agency for the Implementation of Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme under India's National Green Hydrogen Mission aimed at enabling rapid scale-up, technology development and cost reduction of green hydrogen production. By Huijun Yao Tendered capacity for green ammonia supply unit Fertilizer Producer Location Green ammonia requirement (t/yr) Shipment schedule Indian Farmers Fertilizer Cooperative Limited (IFFCO) Kandla, Gujarat 100,000 25,000 t/quarter IFFCO Paradeep, Odisha 100,000 25,000 t/quarter Madras Fertilizers Limited (MFL) Manali, Chennai, Tamil Nadu 4,000 350 t/month Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) Bharuch, Gujarat 50,000 12,500 t/quarter Paradeep Phosphates Limited (PPL) Paradeep, Odisha 75,000 23,500 t/quarter PPL Zuarinagar, Goa 25,000 4,500t every other month Indorama India Private Limited (IIPL) Haldia, West Bengal 20,000 1,100-1,200 t/month Mangalore Chemicals & Fertilizers Limited (MCFL) Panambur, Mangalore, Karnataka 15,000 3,000 t/quarter Coromandel International Limited (CIL) Vishakhapatnam, Andhra Pradesh 50,000 - CIL Kakinada, Andhra Pradesh 85,000 - CIL Ennore, Tamil Nadu 15,000 - Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
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