Friday, November 20, 2009

Fertilizer Industry


KYIV, November 20 /UKRINFORM/. The Ukragroconsulting analytical center notes that the Ukrainian chemical fertilizer market has started reviving gradually following its fall in early 2009.

In 2009, a drop in production of nitrogenous fertilizers made up over 30%.

Ukragroconsulting forecasts production of 3.2 million tons of carbamide in 2009, production of other fertilizers will be cut.

A reason for the increase in production of salpeter that was unprofitable till now by Ukrainian plants is reduction of imports and a rise in prices on Ukraine's domestic market. Presently, the export prices are less than that of on the domestic market.


The last sentence is interesting: export prices are now less than the domestic market - so the government has intervened in the market so that the local consumer pays more than the world market price.




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