Phosphate Market Procurement Research Report Now Available from SpendEdge

LONDON–(BUSINESS WIRE)–#phosphate–Global procurement market intelligence advisory firm, SpendEdge,
has announced the release of their 'Phosphate
Procurement Research Report.' The insights and data in this
report provide a strategic analysis of the supply markets, factors
influencing purchasing decisions, procurement best practices, pricing
models, supplier landscape, and an analysis of the supplier capability
matrix for the chemicals
industry. This report breaks down the data and analysis behind
the procurement of phosphate and acts as an all-inclusive guide for
making smart purchasing decisions.

“Rapid growth of the meat and dairy industries is expected to augment
the market growth for phosphate,” says SpendEdge procurement research
analyst Anil Seth. “Phosphate finds several uses such as stabilization
of pH value and improvement in the texture of meats during storage,”
added Anil.

Key Report Features

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Report Insights

• The agricultural industry primarily relies on three nutrients ─ NPK,
  i.e., nitrogen, phosphorus, and potassium, for crop production.
  Phosphorous is a key nutrient in crop production. Crops rely on
  phosphorous for proper growth, utilization of sugar and starch,
  photosynthesis, and cell division.
• Suppliers that have large inventories of phosphate rock and other raw
  materials can commit to large production output due to the steady
  availability of raw material reserves. Hence, purchasing managers are
  recommended to collaborate with suppliers that possess large
  production capacities and strong inventories.
• China is one of the largest phosphate producing countries. It faced
  oversupply conditions, making it the leading exporter. The Chinese
  government realized that phosphate reserves are limited and export
  strategy is not favorable for the country's economy. Furthermore, a
  decline in Chinese exports can affect supply in the market and reduce
  the supply pool of phosphate.

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the report snapshot before purchasing

Phosphate Pricing Trends

The spot pricing and volume-based pricing are the two most widely
accepted pricing models in the phosphate market. The spot pricing model
helps purchasing managers procure appropriate quantities of
phosphate-based products. Moreover, as the prices of phosphate are tied
to market indices of phosphate rock, purchasing managers can conduct
price forecast and estimation, and leverage drops in prices. However,
volume-based pricing helps purchasing managers in managing budgets, as
prices are fixed for the duration of the contract, which subsequently
helps buyers to manage product prices such as crop prices. Also, it
helps reducing the management efforts as it does not require constant
monitoring of changes in commodity prices.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement market intelligence partner
for Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.

Contacts

SpendEdge
Shilpa Balakrishnan
US: +1 (844) 746-0600
[email protected]