"Geopolitical Issues Led to Spike In Prices of Fertilizers" Says Mike Nash During FAI's Annual Seminar 2021

The Fertilizer Association of India (FAI) is conducting its Annual Seminar 2021 from December 1-3 at the Indian Habitat Centre on the theme “Challenges in Fertilizer and Agriculture” and today is the 2^nd day of the Seminar which started at 11:00 am.

There will be presentations on economic policies, climate-resilient agriculture, technology progress in fertilizer production, and fertilizer product marketing efficiency.

The Fertilizer Association of India (FAI) is a non-profit, non-trading association that primarily represents fertilizer manufacturers, distributors, importers, equipment creators, research institutes, and input suppliers.

The day was divided into 2 sessions and the topics discussed in the sessions were: Challenges of Indian Fertilizer Sector and Meeting Challenges in Agriculture.

Many eminent personalities including Mike Nash, Senior Editor, Fertilizers, Argus Media Limited, London, U.K. participated in the seminar and delivered his speech.

Mike Nash, Senior Editor, Fertilizers, Argus Media Limited, London, U.K.  He is an experienced publishing professional - self-motivated editor and manager, writer, and researcher. Commercially aware, yet respected for challenging industry, he has worked closely with advertising colleagues and publishers, and he is organized & highly disciplined in meeting deadlines. An enthusiastic innovator who continually drives publication development.

Currently, he manages a London-based team of editors, reporters, and senior reporters who cover the international fertilizer markets on a daily and weekly basis. This includes price movements and drivers, supply and demand, and legislation affecting the fertilizer markets globally, such as subsidy, tariffs, and environmental.

His role also encompasses training and development, performance reviews, strategic report direction, and liaison with other parts of Argus, mostly sales, marketing, and conferences. His specialty has always been the phosphates market having covered it with three price reporting agencies from 2004-2019. He has spoken & presented at many conferences around the world on every aspect of the global phosphates and fertilizer markets. Prior to this he also edited a variety of engineering/industry journals and he has written extensively on the energy sector.

Mike Nash, Senior Editor of Fertilizers Argus Media Limited spoke about the affordability and availability of Fertilizers and Fertilizer Raw Materials in the international market. His emphasis was on how certain geopolitical issues have led to the spike in prices of fertilizers and about the current market trends of fertilizers and fertilizer raw materials in the international market.

He explained how pandemic has actually played a key role in Geopolitical issues, which has actually led to the largest exporter of fertilizers to China, but the restrictions on exports of Fertilizers such as Urea, potash, phosphates, phosphoric acids & sulfur have resulted in a spike in the prices of fertilizers in different countries. Mike Nash was also of the opinion that although the conditions to the spike in prices of food products in 2021, are not at all similar to the conditions which were essential in catalyzing the spike in 2007-2008, the events that took place after the spike, was the tremendous drop in prices that will surely happen.

He also went on to talk about the Us sanctions on Belarus and the restrictions on the exports imposed by Russia & Egypt on their fertilizers and was of the opinion that although the prices might not drop in the coming first 3 quarters of the financial year. The prices will surely drop by the fourth quarter of the financial year.