The global market for compound NPKs is one of the most important and dynamic markets in the fertilizer sector, yet it is also one of the hardest to track and get good data. Argus estimates that around 20pc of a total market of around 100mn t is traded between countries. This traded volume is growing relatively quickly, with an increasing number of fertilizer producers entering the market or expanding their supply base in order to meet demand from a growing 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.
Following NPK market trends is not easy. Greater agricultural sophistication is bringing an increasing variety of different NPK grades to the market. Over the past few years, trade defence measures in key markets such as Ukraine and Nigeria have led to major shifts in trade flows, making the challenge even greater.
Argus’ NPK coverage is unique. We have a dedicated team of global experts tracking the market every day. It means that our subscribers can stay one step ahead, with the most reliable and extensive price assessments, unique insights into the market and up to date tracking of key market news and developments.