Section: CRUFI Comment

As a tumultuous year draws to a close, it has become traditional for CRU’s fertilizer team to make a few predictions for the year ahead.

CRU’s 2025 Phosphates Conference – now in its 16th year – will be held in Orlando, Florida, 31 March - 2 April next year. The 2024 event convened in Warsaw was one of the most successful to date (Fertilizer International 519, p4).

The International Fertilizer Association’s annual Global Markets Conference is an in-depth event for those tracking the market. This year’s two-day gathering in London in July lived up to its billing as a meeting of curious minds (Fertilizer International 521, p4).

The fertilizer market is full of contradictions and caveats. What applies to some markets is irrelevant to others, seasonality trends can be thrown off track by a single tender or government decision, and we remain at the often shaky intersection of food, energy and mining market fundamentals.

A lot of low-carbon ammonia projects have been announced in recent years – so many, in fact, you’ve probably lost count.

2024 is my tenth year as editor of Fertilizer International magazine. But, having joined CRU in January, it’s also a fresh start.

In a recent webinar, Chris Lawson, CRU’s Head of Fertilizers, gave the CRU view on what 2024 holds in store for the global fertilizer industry. Here are CRU’s top 10 calls for the year ahead:

Brazil is a powerhouse agricultural economy, ranking as a top three global exporter of soybeans, corn and sugar. It is also the world’s number one producer and exporter of oranges and orange juice – as highlighted in our current issue (p18).

Antoine Hoxha, the new Director General of Fertilizers Europe, looks ahead at the future of the EU fertilizer industry, setting out his vision of an industry transformed by decarbonisation, new energy markets, sustainable agriculture and the circular economy.

Despite being an age-old industry, the phosphate sector remains vibrant and driven by a passionate commitment to leaving behind a sustainable world for future generations. Tibaut Theys, general manager of Prayon Technologies, explains how the industry, by implementing more efficient production processes and promoting responsible fertilizer usage, is working urgently to reduce CO2 emissions, as well as striving to minimise its environmental footprint.