NPK Fertilizers are commercial chemicals widely used to enrich the soil and provide it with essential nutrients required by the crops or plants on the agricultural fields and promote the development of healthy plant varieties. The short N-P-K stands for Nitrogen-Phosphorous-Potassium, which are the key ingredients of the compound and are well-known products produced in the agrochemical sectors. It comprises around a 20-10-20 ratio of the total content, holding 20% nitrogen, 10 % phosphorous, and 20% potassium together. It is a soluble compound that dissolves in the water and then can be distributed into the fields.
The elements present in the compound play a vital role in the agricultural fields and are used on a large scale for various commercial agricultural activities.
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The key importing countries that import NPK Fertilizers are India, Vietnam, and Zambia. On the other hand, the key exporting countries include China, the United States, and India.
Key Details About the NPK Fertilizers Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the NPK Fertilizers price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The NPK Fertilizers Price chart, including India NPK Fertilizers price, USA NPK Fertilizers price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting NPK Fertilizers Price Trend:
NPK Fertilizers are essential and one of the most used fertilizers available in the agricultural sectors, which is utilized to provide required nourishments to the soil and to yield healthy crops. It is primarily associated with the agricultural and chemical industries. The NPK stands for Nitrogen, phosphorous, and potassium chemical, which are the key elements required for the proper growth of crops or plant varieties. The chemical fertilizer is soluble in water, dissolves in the soil, and can be used in hanging gardens. It is widely used over crop fields yielding varieties such as corn, wheat, barley, and seasonal plants such as sunflowers, sugar beets, buckwheat, etc., on a large scale.
Key Players:
- Eurochem Group
- Agrium Inc.
- Yara International ASA
- Acron Group
- ICL (Israel Chemical Ltd.)
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