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Thai farmers have used a total of 2.7mn MT of fertilisers in 2014, and this is expected to reach 3.34mn MT by 2019, growing at a CAGR of more than four per cent
The rising population has spurred the demand for food, leading to the need for higher supplies, especially for a range in animal intensive protein and dairy products. However, there has been a consequent decline in arable land, making it harder for farmers to increase productivity. This has led to farmers using more fertilisers, concluded a report by Technavio.
The most commonly used fertilisers in Thailand include nitrogen, phosphate and potash. In 2014, nitrogen emerged as the most widely used fertiliser, with a share exceeding 63 per cent. Its likely to dominate farmers’ preference up until 2019. Some of the major crops for which nitrogen is used include corn, cassava and sugarcane – all leading crops in the country. In addition, the nitrogen fertiliser market is driven by imports from Saudi Arabia, Oman, Qatar, Kuwait, Malaysia and the USA.
Some of the leading brands in the Thai fertiliser include Artemis & Angel, Chia Tai, National Chemical Fertiliser Public Company, Thai Central Chemical, Yara International, Ajinomoto, Crop Argo, Global Bio, ICL Fertilisers and Terragro Company.