Phosphates

Future Market Insights is reporting that the agriculture testing services market will exhibit a steady 6% CAGR through 2028.

Itafos has announced that Itafos Conda completed its planned plant turnaround during June 2019.

PhosAgro has announced that an extraordinary general meeting of shareholders has approved the payment of dividends in the amount of RUB9324 million, or RUB72/share.

The agreement with the OCP Group forms part of Itafos's repurpose plan to optimise finished fertilizer production with a multi-product portfolio of higher grade SSP, micronutrient SSP and value added premium PK compound products.

The plant was idled in late 2017 because it was one of the higher cost phosphates facilities in Mosaic’s Florida Operations and due to global phosphate market conditions.

Argus Media has announced that it has signed a collaboration agreement with the International Fertilizer Development Center (IFDC).

North-Western Phosphorous Company (NWPC) and the Kirovsk city administration signed a social and economic partnership agreement for 2019.

DuPont de Nemours, Inc. has announced its debut as an independent company following the successful separation of its Agriculture Division through the spin-off of Corteva, Inc.

Argus Media is reporting that Polish fertilizer production continued to rise strongly on the year in April, government data show.

Acron Group’s 1Q19 International Financial Reporting Standards (IFRS) net profit has gone up 82% to US$133 million.

Marcus Ketter is the new chief financial officer of GEA Group Aktiengesellschaft. His predecessor, Helmut Schmale, left the company on 17 May 2019, after more than 10 years in this position.

The board of directors also re-elected as its deputy chairman Andrey Guryev, vice president of the Russian Union of Chemists.

PhosAgro has welcomed the final decision taken at the level of the European Parliament and the European Council to limit the sale of phosphate-based fertilizers containing high levels of heavy metals everywhere in the EU from 2022.

According to the report, the global diammonium hydrogen phosphate market was US$892 million in 2018 and is expected to reach around US$2367 million by 2025, at a compound annual growth rate (CAGR) of slightly above 12% between 2019 and 2025.

The global monoammonium phosphate market is expected to post a CAGR of more than 2% during the period 2019–2023, according to the latest market research report by Technavio.