Date Posted: 06-11-2014
Name: MicroMarket Monitor
Nitrogen is a vital nutrient required by all crop plants for growth and development. Nitrogen is present in large quantities in nature, but only a few crop plants are able to exchange atmospheric nitrogen that is useable.
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The nitrogenous fertilizer market is highly consolidated and rationalized. Nations that have a constricted supply-demand status of fertilizers discourage the export of these. Bans and higher duties on fertilizer are made to meet their domestic demand and also frequent change in policies restricts manufacturers to expand their business aggressively.
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Nitrogenous fertilizers are inorganic in nature and contain nitrous compounds such as ammonium nitrate, ammonium sulfate, calcium ammonium nitrate, and others.