DOCUMENT

POL - Award - OA4 - Market Trend Analysis 2008

  • YEAR CREATED: 2008
  • ENTITY TYPE: City/Township
  • TYPE OF DOCUMENT: POL - Policies/Procedures
The document is titled "Question 18: Fertilizer Industry" and it provides information about the research conducted by the Purchasing Agency in relation to market trends and changes in seasonal and fluctuating markets. The document starts by mentioning that initial research was focused on the current and projected conditions of the fertilizer market. This research was conducted in order to structure a Request for Proposal (RFP) with appropriate content and evaluation criteria. The research indicated that the fertilizer market is volatile, with emerging and developing countries demanding an increased share of the industry's product. It also revealed that the industry's capacity is lagging behind the increased demand, leading to higher prices. The research also identified several key producer indices that may be beneficial for price verification. The document then mentions that the gathered information is invaluable in crafting and eventually negotiating a correct price adjustment mechanism. It provides a summary of the relevant information gathered, including the volatile nature of the market, the international market, the worldwide sources of the industry, government regulations, key raw material indices, increased demand attributed to emerging and developing nations, capacity lagging behind increased demand, and industry innovations to offset the increased demand. The document also briefly mentions research conducted in the pesticide industry. It states that the research indicated that products must be registered in each state and includes a requirement in the RFP for suppliers to ensure product compliance with all government regulations. It also mentions the need for suppliers to manage the addition of newly approved products and the removal of products no longer on the state-approved list. Overall, the document provides a summary of the research conducted by the Purchasing Agency in the fertilizer and pesticide industries, highlighting key findings and their relevance in crafting procurement strategies.
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