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The global phosphate fertilizer market is expected to grow upto US$84bn by 2031. (Image credit: Adobe Stock)

The phosphate fertilizers market is on a robust growth trajectory, anticipated to expand from US$57.5bn in 2024 to a significant US$84bn by 2031

This growth corresponds to a healthy compound annual growth rate (CAGR) of 5.6% during the forecast period from 2024 to 2031, according to the latest research. Phosphate fertilizers remain crucial for global agriculture, enhancing crop yields and soil fertility, thus playing a vital role in food security and sustainable farming practices worldwide.

Rising population levels, increasing food demand, and the need to improve agricultural productivity drive the expansion of phosphate fertilizer consumption. The market is segmented by product type, with single superphosphate (SSP) and triple superphosphate (TSP) being among the leading segments due to their efficiency and widespread adoption. Geographically, Asia Pacific dominates the market owing to extensive agricultural activities and supportive government policies encouraging fertilizer use.

The phosphate fertilizers market is pivotal in supporting global agriculture by providing essential nutrients that improve soil health and crop output. In 2024, the market value stood at US$57.5bn, expected to rise steadily to US$84bn by 2031, reflecting the growing need for sustainable and enhanced agricultural practices worldwide. The surge is driven largely by increased adoption in developing regions, where food production must keep pace with rising populations and changing dietary preferences.

Growth in the market is primarily fueled by the high demand from staple crops such as wheat, rice, and maize, which require phosphorus for optimal growth. Among different phosphate fertilizer types, single superphosphate holds a significant share due to its cost-effectiveness and suitability across diverse soil types. Regionally, the Asia Pacific market leads because of extensive farmland, large farming communities, and government incentives aimed at boosting fertilizer use to ensure food security and economic growth.

The programme emphasises a community-led approach, ensuring it is culturally relevant and sustainable. (Image credit: Adobe Stock)

BRAC has received a US$300,000 grant from The Rockefeller Foundation to create a programme aimed at helping three million women smallholder farmers in Bangladesh, Liberia, Tanzania, and Uganda by 2030

This initiative targets vulnerable communities affected by climate change. It will first launch in Bangladesh's coastal and drought-prone areas, providing farmers with services like agricultural technology, weather forecasts, adaptive insurance, and better market connections.

Deepali Khanna, head of Asia, The Rockefeller Foundation, stated,“Smallholder farmers are on the frontline of so many challenges, including the impact of climate change. Through our support of BRAC, we are empowering smallholder farmers not only to withstand disruptions, but also to advance solutions that can help build the foundation for lasting economic opportunity.”

The programme emphasises a community-led approach, ensuring it is culturally relevant and sustainable. The aim is to equip communities with skills to build resilience against challenges like rising salinity and erratic rainfall. BRAC plans to raise an additional US$300mn for this program, intending to impact around 14 million people positively.

“At BRAC, we believe in equipping people and communities with the skills they need to build their own resilience,” said Asif Saleh, executive director of BRAC. The Rockefeller Foundation’s support takes an important step in showing that locally driven innovation, when scaled up, can unlock pathways for millions of people to do that.”

Liberia, China to mechanise agriculture. (Image source; Adobe Stock)

Chinese Ambassador to Liberia, Yin Chengwu, recently met with J Alexander Nuetah, Minister of Agriculture of Liberia

Chengwu emphasised the Ministerial Meeting of Coordinators stand on the Implementation of the Follow-up Actions of the Forum on China-Africa Cooperation (FOCAC) and the China-Africa Economic and Trade Expo, and expressed that China is willing to strengthen agricultural cooperation between the two countries, deepening the bilateral relations.

Nuetah said that Liberia is grateful to China for its strong support for Liberia's development and looks forward to continuing to strengthen cooperation with China on agricultural mechanisation and modernisation.

Yanmar’s YR Series rice transplanter conducts demonstration activities at the Smart Farm Showcase

Yanmar S.P. Co., Ltd. teamed up with Chia Tai Co., Ltd. and XAG Co., Ltd. for the opening of the 'Chia Tai Experience' at the Chia Tai Agricultural Center in Bang Nam Priao District, Chachoengsao Province, Thailand

The initiative is focused on improving Thai agriculture by giving farmers access to modern technology, practical know-how, and sustainable farming practices.

The Chia Tai Experience acts as a hands-on space where farmers can learn and try out new agricultural tools and techniques. Chia Tai has created a display showing rice farming methods suited for the region using its Crop Management Plan. This plan is designed to tackle common problems in local rice fields and introduce the idea of developing from 'Farmer to Professional Farmer.' XAG has set up a certified service area for agricultural drones, offering maintenance and support.

One of the main features of the event was a live demo of Yanmar’s YR Series rice transplanter, which took place at the Smart Farm Showcase. This area highlights how Yanmar’s technology is making rice farming more efficient.

This event follows the signing of a Memorandum of Understanding between Chia Tai, XAG, and Yanmar S.P. Co., Ltd. The signing was attended by Peng Bin, Founder and CEO of XAG; Manas Chiaravanond, CEO of Chia Tai; and Ryosuke Yamaguchi, President of Yanmar S.P. Co., Ltd. The agreement reflects a shared goal of using smart farming to help farmers grow better crops and improve their livelihoods.

President Ryosuke Yamaguchi said during the event, “At Yanmar, we believe that innovation in agriculture is crucial not only for increasing productivity but also for building sustainable futures for our farmers. Our collaboration with Chia Tai and XAG represents a unified effort to bring advanced technology directly to the fields, ensuring farmers thrive in an evolving industry.”

The Chia Tai Experience continues the joint work first seen during Yanmar’s 45th anniversary event held from 3 to 5 October, 2024, in Khon Kaen. At that event, Yanmar introduced the EF393T tractor and a new electric farming machine concept. The company also named Thai actor Nadech Kugimiya as its brand ambassador, highlighting its interest in promoting innovation and sustainability.

Together, Yanmar, Chia Tai, and XAG are working to support a shift toward smarter, more sustainable farming in Thailand, with a focus on real-world solutions that can benefit farmers across the country.

Cargill and Biotech team up to expand tailored feed production in South Cotabato. (Image source: Cargill)

Cargill has bolstered its operations in Mindanao through a strategic feed production partnership with Biotech Farms, further demonstrating its commitment to serving the Philippines’ growing agricultural sector

The new production line is located within the Biotech Agro-Industrial Complex in Tantangan, South Cotabato, and is designed to deliver high-quality feed more efficiently to the region’s farmers and producers.

Mindanao remains a vital hub for agriculture in the Philippines, home to a rising number of livestock farmers and agribusinesses. The collaboration between Cargill and Biotech addresses the increasing demand for reliable and safe animal nutrition, helping strengthen food security in one of the country’s most productive farming regions.

“This is about serving our Mindanao customers better — with the reliability, responsiveness, and quality they deserve,” said Sonny Catacutan, senior managing director for Cargill Animal Nutrition & Health Philippines. “The Tantangan Plant gives us a stronger presence in a region essential to the future of the local agricultural industry. It allows us to enhance service to our customers and live our purpose of nourishing the world starting with every bag of feed. We’re excited about what this partnership brings, not just in operational capability, but in helping us create more impact for customers, farmers, and communities that depend on us every day.”

The Tantangan feed mill was selected after a stringent evaluation process to ensure compliance with Cargill’s global benchmarks for food and feed safety, quality, and efficiency. The facility is equipped with advanced milling technology and designed for high-performance feed production, ensuring a steady and dedicated output to match market needs.

Now fully operational, the plant expands Cargill’s supply chain resilience in the region while increasing its capacity to offer tailored and sustainable nutrition solutions at scale. This development underscores the company’s long-term strategy of enhancing its footprint in key agricultural areas and improving service responsiveness.

Rey Chiang, CEO of Biotech Farms, highlighted, “This partnership is a testament to our shared mission of empowering Mindanao’s farmers with innovative, sustainable solutions. Since 2001, Biotech has been at the forefront of transforming Philippine agriculture through precision farming, renewable energy, and circular economy practices. Together with Cargill, we will amplify our impact — ensuring farmers receive high-quality, tailored feed nutrition solutions using Cargill’s cutting-edge research, data-driven insights, and a vast supply chain network that not only boosts productivity but also aligns with our commitment to environmental stewardship and community upliftment.”

As feed production accelerates in South Cotabato, the partnership marks another significant step in Cargill’s 77-year history in the Philippines. The company continues to play an integral role in supporting farmers, enhancing food security, and contributing to sustainable agricultural development across the country.

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