Procurement Resource Analyses the Production Cost of NPK Fertiliser in its New Report
Analyses Overview of The New Production Cost Report of NPK Fertiliser
The new report by Procurement Resource, a global procurement research, and consulting firm, looks in-depth into the costs involved in the production of NPK Fertiliser. The comprehensive report analyses the production cost of the material, covering the raw material costs and co-product credit, equipment costs, land and site costs, labour wages, maintenance costs, financing charges, and depreciation costs. The extensive study describes the stepwise consumption of material and utilities along with a detailed process flow diagram. The report also assesses the latest developments within the industry that might influence NPK Fertiliser production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
NPK fertiliser is a one-of-a-kind product that contains all of the essential nutrients that plants require at various stages of development. Because it promotes root growth, this grade is good for all crops. It has a good amount of potash, nitrogen, and phosphorus in a single product.
Factors Impacting the NPK Fertiliser Production Cost:
Increased consumption of fruits and vegetables, and increased agricultural production, fueled the global demand for NPK fertilisers. The global market for NPK fertilisers has grown due to the adoption of modern agricultural technologies and increased crop fertility. Furthermore, the outlook for animal illness and consumer awareness of high-quality food items boosted demand for NPK fertiliser products on the international market. Government restriction and a lack of information, on the other hand, may stifle the expansion of NPK fertiliser in the worldwide market. These factors are expected to impact the production cost of NPK Fertiliser.
Procurement Resource Assessment of NPK Fertiliser Production:
The nitrophosphate method, also known as the Odda process, is used to produce NPK fertilisers from rock phosphate, ammonia, phosphoric acid, and nitric acid in this report. Phosphate rock is first acidified with nitric acid to produce a combination of calcium nitrate and phosphoric acid, which is then frozen to separate calcium nitrate from phosphoric acid as crystals. The left-over phosphoric acid filtrate, which contains traces of calcium nitrate and nitric acid, is neutralised with ammonia to generate NPK fertiliser, which is then finished with potassium chloride or potassium sulphate.
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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.
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