Uralkali plans to produce 11 mln. tons of potassium chloride in 2020
According to Uralkali CEO Dmitry Osipov’s statement, this year, the company expects to produce 11 million tons of potassium chloride.
“We expect to produce 11 million tons with a capacity of 12 million tons per year. But the final figure depends on the market conditions,” he told in his statement.
Dmitry Osipov believes that the global demand for potassium chloride will only increase in the future.
“We think that in 2020, the global consumption of potassium chloride will increase up to 65-66 million tons. Looking at Brazil, where the main potassium consumers are located in towns, the country will reach its peak in demand, and we believe the price will go up,” Dmitry Osipov noted. “If we look ahead, we can see that the demand will grow by 1.5-2% per year in any case. The population grows, people eat more meat, which means that it’s necessary to develop meat production. It means, in its turn, that we need to provide animals with proper nutrition to increase their productivity.”