Hebei Woldi Trading Co.,LTD
Compound Fertilizer, Monoammonium Phosphate, Nitrogen Fertilizer, Phosphate Fertilizer, Potassium Chloride, Potassium Fertilizer, Potassium Sulfate
On August 24th, the Minister of Agriculture of Kazakhstan visited Russian Ambassador to Kazakhstan Bashkin, hoping to strengthen agricultural cooperation with Russia and establish a fertilizer plant in Kazakhstan. If the project is implemented, Russia will shift from exporting fertilizers to producing fertilizers in Kazakhstan. According to data from the Kazakh National Bureau of Statistics, Russia is currently the largest fertilizer supplier in Kazakh, accounting for 43% of the market share, while China accounts for 11%.
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Establishing a fertilizer plant in Kazakhstan can effectively reduce the trade deficit, but such projects are difficult to promote. German company Ferrostaal invested 1.25 trillion Central African Francs (approximately 2.083 billion US dollars) to establish a fertilizer plant in Linbei, southwestern Kazakhstan, but was put on hold for 10 years due to natural gas prices. In June of this year, the acting Minister of Industry and Mines of Kazakhstan announced plans to implement three fertilizer plant projects, but did not disclose the specific time. In 2023, the Kazakh government announced that it would provide 14 billion CFA francs (about US $23.33 million) to subsidize the soaring price of fertilizer caused by the Russia-Ukraine conflict.
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