03:29 PM @ 20/06/2024
The world’s demand for oil is expected by Goldman Sachs Research to grow for the next decade. Lackluster electric vehicle sales and rising incomes around the globe are increasing the appetite for energy supplies that will be met primarily with more fossil fuels.SEE MORE05:36 PM @ 19/06/2024
Global urea capacity is poised to see considerable growth by 2030, potentially increasing from 241.92 million tonnes per annum (mtpa) in 2023 to 307.47 mtpa in 2030. Around 67 planned and announced plants are likely to come online by 2030, primarily in the Former Soviet Union, Asia, Africa, and the Middle East.SEE MORE05:31 PM @ 19/06/2024
Brazil imported approximately $100 million worth of Moroccan fertilizers last May, making Morocco the third-largest supplier to this Latin American country in this category, following Russia and Canada, according to Russian agency RIA Novosti, citing the Brazilian Statistics Agency.SEE MORE05:26 PM @ 19/06/2024
Fertilizer is generally used to supplement one, or a combination of the three essential plant nutrients - nitrogen (N), phosphorus (P) and potassium (K). Among the three, nitrogen helps increase protein content in the crop and is the most widely sought after nutrient in terms of tonnage. Ammonia, urea, and ammonium sulfate are some examples of the commonly used fertilizers containing nitrogen. Urea is perhaps especially important as the single largest nitrogen fertilizer market traded internationally.SEE MORE05:05 PM @ 19/06/2024
Iron ore futures rose for a second straight session on Friday, supported by higher-than-expected hot metal output, although demand concerns and high portside stocks in top consumer China pushed prices down for a third straight week.SEE MORE
