Argus, a global commodity-pricing agency, has agreed on a collaboration with the International Fertilizer Development Center (IFDC) with the aim of improving the access to information in the African fertilizer sector. While Africa’s population is equivalent to 17% of the world population, it consumes only around 2-3% of the world’s fertilizer supply. “Africa is key to growth in international fertilizer markets. With usage much lower than elsewhere, there is considerable opportunity to expand, which would increase crop yields. We are glad to be formalising our long-standing relationship with IFDC to make fertilizer pricing more transparent,” commented Adrian Binks, Argus’ chairman, and chief executive.
The International Fertilizer Development Center focuses on increasing standards of food security and agricultural productivity. Argus would provide information and commentary on fertilizer price, including international benchmarks for NPK blends, urea, ammonia, processed phosphates, and ammonium sulphate, and The International Fertilizer Development Center will provide access to the information through the AfricaFertilizer.org website.
“Argus is a global leader in fertilizer price and related information, and IFDC has years of on-the-ground expertise in input markets in Africa and Asia,” said the International Fertilizer Development Center’s president and chief executive Albin Hubscher, “We are delighted that this agreement will enable us to share key data and analysis with our stakeholders. We expect that this will help our mission to improve soil fertility and crop nutrition in developing countries around the world.”