Phosphate Demand to Rise Globally in 2016

Phosphate demand is expected to rise in 2016, Agrimoney reported.
As quoted in the publication:

PhosAgro chief executive Andrey Guryev forecast phosphate demand to increase through 2016, with more demand for complex fertilizer products.
“The recent recovery in grain and oil-seed prices will provide fundamental support for a fertilizer price recovery,” said Mr Guryev.
“Overall, trends are positive in the most important fertilizer-consuming regions,” said Mr Guryev, pointing to supportive government subsidies in for phosphate in India, and interest rate subsidies that will ease the cost of credit for Brazilian farmers.
“Interest rate subsidies are now in place, and we saw phosphate-based fertilizer imports increase by more than 30% year-on-year in the first quarter of 2016,” Mr Guryev said.

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