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Micronutrients Market Likely to Surpass US$8.5 billion by 2023
The micronutrients market size was estimated at more than US$4.5 billion in 2014 and with a
compound annual growth rate of more eight per cent is likely to surpass US$8.5 billion by 2023,
according to a report from Global Market Insights. The Asia Pacific agriculture micronutrients
market accounted for over 50 per cent of the total revenue share and will likely see a growth
rate of more than eight per cent from 2016 to 2023. In North America, the market size
was estimated to exceed US$950 million and is likely to witness gains of more
than 8.5 per cent in the same time period. Europe will see more
moderate gains of approximately 5.5 per cent up
to 2023. Soil applications accounted
for more than 55 per cent of
the total demand in 2014;
foliar applications accounted
for more than 22 per cent.
Hydroponics applications are
likely to witness significant gains
over the same forecast period.
- gminsights.com
Piedmont Farm Grows Hydroponic Business
Okra and blackberries are thriving at Ingram Farms. But the latest crop at the Guilford County farm isn’t growing out of the
ground. It’s growing out of cups within a maze of white pipes and are part of the newest venture at Ingram Farms. It’s unique
because it’s the only permanent outdoor hydroponic system in Guilford County. The Ingrams take seeds, put them in cups filled
with material that can absorb the nutrient rich water that’s flowing through the pipes, and watch the vegetables grow. It’s not
as easy as it sounds, however, and involves “a lot of trial and error,” Rhonda Ingram says. This year, Ingram Farms will raise up to
a 1,000 cool season plants like lettuce and Swiss chard because a constant flow of water is keeping them cool during the heat
of summer, “You can design your own hydroponics for as cheap as $50 using pallets, gutters, a water pump and a Rubbermaid
container,” says John Ivey, with Guilford County Cooperative Extension.
“This is accessible to anyone that wants to do it.”
- myfox8.com
Aircraft Evacuated Because of Controversial Fruit
An airplane was recently evacuated due to a suspected gas leak from
the cargo compartment. However, there was no gas leak. The mistake
was simply due to the presence of a fruit that was taken on the plane
by a passenger. “Security always has the highest priority. The fire
brigade was called and it appeared that the smell came from
an Asian durian fruit, which is obviously completely harmless,”
stated Tonje Næss, of the airline’s press service. The plane
was able to reach its destination a little over half an hour late.
The durian is controversial because of its powerful smell. The
fruit, also called stink fruit, has such a strong smell that it is
forbidden for consumption in hotels and other public places
in some Asian countries.
- freshplaza.com
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