Overview

The fertilizer industry has seen dramatic changes in market dynamics, with challenges posed by policy and regulatory changes, political instability, conflicts and new macroeconomic realities. The drive towards energy transition and ambitious zero-carbon goals has also opened up the industry to new entrants and new opportunities.

It is more vital than ever for market participants to have the full picture – to capitalise on the opportunities and manage the risk of the challenges.

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Latest fertilizer news

Browse the latest market moving news on the global fertilizer industry.

Latest fertilizer news
02/27/24

Japan’s Idemitsu joins US low-carbon ammonia project

Japan’s Idemitsu joins US low-carbon ammonia project

Osaka, 27 February (Argus) — Japanese refiner Idemitsu will participate in a planned low-carbon ammonia production project at Lake Charles in the US state of Louisiana, aiming to export the cleaner fuel to Japan. Idemitsu has agreed with Japanese trading house Mitsubishi and Swiss methanol producer Proman to join their ammonia project that is targeting exports to Japan , the refiner said on 27 February. Tokyo expects domestic demand for fuel ammonia to continue rising to meet the country's net zero by 2050 goal, which has prompted companies like Mitsubishi and Idemitsu to seek fuel ammonia supply opportunities. The US project is targeting to produce around 1.2mn t/yr of low-carbon ammonia by the April 2030-March 2031 fiscal year, using natural gas and carbon capture and storage technology. The amount of ammonia that is planned to be shipped to Japan from the project is unclear. The investment ratio of the three partners is also undisclosed. Idemitsu is pushing forward with a plan to set up an ammonia import base using the existing infrastructure of its Tokuyama complex at Shunan in western Japan's Yamaguchi prefecture. It aims to supply over 1mn t/yr of low-carbon ammonia by 2030 to industry consumers, such as in the chemical and steel sectors, in the Tokuyama complex and nearby areas. Mitsubishi is aiming to import around 1mn t/yr of ammonia by 2030 for delivery to its Namikata terminal, where existing LPG tanks will be converted to store the cleaner fuel, in western Japan's Ehime prefecture. Mitsubishi is developing the Namikata project together with utility Shikoku Electric Power, carmaker Mazda, refiner Taiyo Oil, industrial gas firm Taiyo Nippon Sanso and terminal operator Namikata Terminal. The goal is to supply the cleaner fuel to customers in Japan's Shikoku and Chugoku regions by coastal vessels from the Namikata hub. Japan's demand for ammonia as a fuel is likely to hit 3mn t/yr by 2030 and 30mn t/yr by 2050, according to the country's trade and industry ministry. This will help Japan reduce its greenhouse gas emissions by 46pc by 2030 from 2013 levels, before it achieves net zero emissions by 2050. By Motoko Hasegawa Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Latest fertilizer news

Houthi missile hits Saudi fertilizer vessel off Yemen


02/20/24
Latest fertilizer news
02/20/24

Houthi missile hits Saudi fertilizer vessel off Yemen

London, 20 February (Argus) — The crew members of the Belize-flagged Handysize bulk carrier Rubymar , carrying a cargo of Saudi fertilizer, have abandoned ship off Yemen after it was hit by a missile fired by Houthi militants late on 18 February. The British-owned vessel was in the Gulf of Aden near the Bab el-Mandeb strait when it was hit by at least one missile while another missed its target, according to US Central Command. The UK Maritime Trade Operations (UKMTO) said it had received reports of an attack 40 miles (about 64.4km) south of Mokha, Yemen, on an unnamed vessel. US Central Command confirmed that the Rubymar sustained damage and then issued a distress call that was answered by a coalition warship and another merchant vessel. The crew was evacuated safely and have been transported to the port of Djibouti, according to the Djibouti Ports and Free Zones Authority. The Rubymar was last located on vessel-tracking data in the Bab el-Mandeb strait between Yemen and Djibouti. The UKMTO said the vessel was at anchor and had been abandoned. A Houthi social media statement said the ship was at risk of sinking. The vessel departed the Saudi port of Ras al-Khair on 8 February and was bound for Varna, Bulgaria, on the western edge of the Black Sea, vessel-tracking data show. It was due to arrive on 27 February. There has been no confirmation as to what grade of fertilizer was on board, although vessel-tracking data do list fertilizers as the cargo. Bulgaria in the past has imported NP grades from Saudi Arabia. A spokesperson for the Saudi producer declined to comment on any aspect of the incident. The size of the vessel would indicate a cargo of about 30,000t. This is the second confirmed major strike on a vessel carrying fertilizer in the region. In mid-January, the US-owned Genco Picardy , carrying a cargo of 30pc P2O5 phosphate rock from Egypt to India, came under drone attack by Houthi militants. This caused a fire onboard that was extinguished and the vessel proceeded to Thoothukudi. By Mike Nash Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest fertilizer news

Egypt’s Helwan signs deal to produce black urea


02/20/24
Latest fertilizer news
02/20/24

Egypt’s Helwan signs deal to produce black urea

London, 20 February (Argus) — Egyptian urea producer Helwan has signed an agreement with SML-INNO UK to produce 130,000 t/yr of black urea. Production is expected to start in 5-6 months. The agreement was signed on 18 February. Helwan said that black urea, a slow-release fertilizer, should boost crop growth while using 25-30pc less nitrogen than conventional urea. The Egyptian producer did not provide additional details regarding the production process. The project, which will target European and UK markets, is likely to cost $5mn. Helwan currently operates a 635,000 t/yr granular urea facility. By Dana Hjeij Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest fertilizer news

Phosphates: Indian DAP stocks mostly steady


02/19/24
Latest fertilizer news
02/19/24

Phosphates: Indian DAP stocks mostly steady

London, 19 February (Argus) — Indian DAP stocks were drawn down by the equivalent of one import cargo in January, according to Fertilizer Association of India (FAI) data, keeping stocks steady. But imports were very low, partly reflecting a lack of Chinese exports. India produced 346,600t of DAP in January, FAI data show, down from 390,600t a year earlier. Imports were just 44,000t — a Saudi vessel — compared with 562,000t in January last year. Sales were down by 16pc to 417,900t from 499,300t a year earlier. The stockbuild/stockdraw (production plus imports minus sales) was modest at a 27,300t draw. This implies that stocks are still 1.9mn-2mn t, as estimated by the Indian government. Stocks have fallen continuously from August as sales have outpaced lacklustre imports. Stocks dropped by 2.2mn t in July-October last year. Argus estimates February-March 2024 imports at nearly 540,000t, coming entirely from Saudi Arabia and Morocco and reflecting the lack of Chinese product owing to customs inspections and the onset of the Chinese domestic season. This compares with just over 700,000t of DAP imports in the same two months of 2023. Looking at the fertilizer year to date (from April 2023), production is 5pc up at nearly 3.8mn t but imports have fallen by 13pc to nearly 5.1mn t. Sales have risen by 5.3pc to 10.1mn t. By Mike Nash Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest fertilizer news

Iran’s KPIC issues another urea sales tender


02/19/24
Latest fertilizer news
02/19/24

Iran’s KPIC issues another urea sales tender

London, 19 February (Argus) — Iranian fertilizer producer KPIC has issued a tender to sell 20,000-25,000t of granular urea, closing on 21 February. KPIC did not request a minimum bid but prices are to be on a bulk fob Bandar Imam Khomeini port basis, for loading by 5 March — similar to another tender issued last week . KPIC is carrying out a turnaround at its 600,000 t/yr granular urea plant and expects it to come back on line in around two weeks. By Upasruti Biswas Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.