European fertilizer production for European agriculture
However, European farmers benefit from a local nitrogen fertilizer production, attenuating price variations and ensuring product quality.
Volatile worldwide markets
Today, the nitrogen market is dominated by Asia, representing roughly 2/3 of global production and consumption .World fertilizer markets have been shaped, over the past few years, by an increase in total fertilizer consumption. The world demand for nitrogen fertilizer is expected to grow at 1.7% per annum from 2011 to 2015. Most of this increase will be observed in Asia, while others regions contribute little to the worldwide growth. The dynamics of fertilizer demand and global imbalances increase tensions in nitrogen fertilizer markets and accentuate price volatility.
Local production, stable supply
European agriculture benefits from a unique situation with a local production and supply chain of nitrate-based fertilizers. Local European production stabilizes prices, ensures steady product quality as well as compliance with social and environmental standards. The European nitrate production thus provides an important long-term advantage for agriculture.
With plants and research centers all over Europe, Yara is a reliable supplier of high quality fertilizer. Yara’s production sites set standards in environmental compliance and create agronomic and economic benefits for European farmers.