Hebei Woldi Trading Co.,LTD
Compound Fertilizer, Monoammonium Phosphate, Potassium Chloride, Potassium Fertilizer, Potassium Sulfate
According to data from the Ukrainian Agricultural Consulting Company, on August 11, 2023, Ukraine's Nitrogen Fertilizer production will reach a historic high, with various types of nitrogen fertilizer production exceeding 220000 tons, which is the highest level since March 2022.
The growing demand for nitrogen fertilizers in EU countries and Asian markets enables Ukrainian producers to anticipate sustained demand for the next three months.
Due to the successful sales of nitrogen fertilizer in June and July, Oschem Company in Ukraine successfully secured orders before September. According to various estimates, the market may sell 120000-150000 tons of nitrate and 60000 to 70000 tons of urea, as well as ammonium nitrate and other fertilizers in the past two months. Given that field investigations in Ukraine in the autumn are still ongoing, the demand for these fertilizers is still insufficient, "the statement said.
It is expected that Cherkasy and Rivne's factories will produce up to 100000 tons of nitrate in August. Cherkasy's "Azot" factory will complete the maximum production plan for urea and 60% production of ammonium nitrate, while "Rivneazot" will be able to launch limestone nitrate in the second half of August. These factories will produce a total of 225000 to 225000 tons of products, setting a record for Ukraine in the past 530 days.
At the same time, Ukrainian agricultural consulting company pointed out that in September, the Odessa port factory and "DniproAzot" may be launched, adding more nitrogen fertilizer to the country's market. These enterprises will compete for a limited domestic consumer market and enter the global market.
Producers who are unable to sell nitrogen fertilizers domestically in August (when agricultural holding companies make purchases) will be forced to keep their inventory until February (when small and medium-sized agricultural enterprises will make purchases) . Another sales option is to export nitrogen fertilizer. Starting from September 2023, this choice will be attractive to everyone. Analysts predict that due to Russia's withdrawal from the 'Food Agreement', which has affected agricultural product prices, the situation in the fertilizer market will become more complex.
Fertilizer market experts predict that farmers may purchase more fertilizers in 2024 due to their successful harvest in 2023.
Compound Fertilizer, Monoammonium Phosphate, Nitrogen Fertilizer, Phosphate Fertilizer, Potassium Chloride, Potassium Fertilizer, Potassium Sulfate
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