Browsing articles from "October, 2012"
Oct 22, 2012
Penny

Latest market reports show spurt in fertilizers and agrochemicals in traditional and emerging markets

One of the bare essentials no matter how advanced our civilization and technology become is food and that is precisely the reason why the fertilizers and agrochemicals industry has done so consistently well in the past decade or two. That growth story though took a slight detour and a small pause in 2009, when the global economic setback ensured that the brakes were put on the growth story.

fertilizers and agrochemicalsThe setback though now seems only a minor glitch as the fertilizers and agrochemicals market has registered a constant growth in the past two years and the same is expected to continue till 2017.

Fertilizer prices have gone up steadily in the last few years along with prices of agricultural tools and supporting technology. The high agricultural prices have given the industry a constant growth rate of around 3.3 percent that is set to continue around a similar mark for the next 5 years.

In fact, the total revenue for the year of 2012 is being modestly calculated as $147.2 billion, which is already 2.2 percent up from the total revenue garnered by fertilizers and agrochemicals in 2011.

Of course, the biggest strength of the industry is the expanding markets and constant demand that should ensure that the upswing continues without any hindrance.

The growth of the fertilizer and agrochemicals industry is expected to draw largely from the new markets that will open up in Asia and South America over the next decade or so. This along with strong traditional markets that are also looking for new ways to further increase crop yield should help significantly. Since neither is global population going to recede and nor is the necessity to feed more hungry mouths, there really is little that can go wrong for the industry.

That’s aid, growing energy prices, volatile economies and supply and demand disparity will be still concerns that would give an odd jitter or two to those invested in this sector. Despite that, it is a certain thumbs up when it comes to the road ahead for the sector.

Oct 5, 2012
Julia

Pena Will Go for Energy Reform in 2013

 

 

NEW YORK  – The energy reform that would allow private investment in Pemex is “at hand” and may be approved in 2013, said Luis Videgaray, head of the transition team of President-elect of Mexico, Enrique Peña Nieto.

In a note published Thursday by The Wall Street Journal, Videgaray said the next government plans to send the energy reform bill Congress just finished negotiating the budget.

“Hopefully, we will do early next year,” and although he did not elaborate on how exactly would reform, he said that would open the sector to private investment in capital and technology.

He stated that there are plans in the new government to restructure the economy and to confront the powerful unions and entrenched corporate interests in the political architecture of the country, according to the newspaper.

“I am personally convinced that the lack of competition is one of the key elements that prevent the growth of Mexico. Not only in telecommunications, but in many sectors of the economy where we have a high degree of concentration,” he said.

One plan of Peña Nieto, who will take office on the 1st of December, is to create specialized courts, and a commitment to run for the next six years “consistent government policies and actions relating to competition”.

Specialized courts in competition cases would reduce the time that decisions are taken in the matter, because that would be composed of judges who would know the subject in depth, Videgaray explained.