Demand for fertilizers in Brazil is expected to grow 3.2% per year and reach 18.6 million tons by 2022, according to a new study by research company Freedonia Group. This is expected to be one of the highest in the world, reflecting increases in agricultural production and fertilizer application per hectare, the study said. According to Freedonia, Brazil is expanding the use of land that has not been cultivated. However, these lands tend to be nutrient-poor, requiring larger amounts of fertilizers. Soyabeans will be primarily responsible for increasing demand for fertilizers in Brazil, the study says. This should allow the use of phosphate and potassium fertilizers to grow above average by 2022. For the research company, global fertilizer demand will grow 1.4% per year by 2022, reaching 212.1 million tons. These gains should be driven by efforts to increase crop yields as the area under cultivation slows, says Freedonia.
Source: Globo Rural