Global Demand

The long-term outlook for fertilizer consumption is very strong. According to the International Fertilizer Association (IFA) in their June 2011, Fertilizer Outlook 2011-2015:

• The global fertilizer consumption started a recovery in from 2009-2010, increasing by 5.4%

• Strong economic growth in emerging economies lead to an increase in the consumption of meat and dairy
   
• High crude oil prices are said to provide incentives for the production of Bio-fuels
   
• High agricultural commodity prices lead to the drive for farmers to increase crop productivity
   
• Potassium (K) demand in China, Indonesia and Malaysia is projected to sharply increase
   
• The forecasted global fertilizer consumption  for 2010-2011 is said to increase by 5%
                     In particular, Potassium (K) demand is said to increase by 15%

• The forecast for global fertilizer demand in 2011-2012 is an increase of 2.5%
                     In particular, Potassium (K) demand is said to increase by 5.5%