Ukraine sets a record in the nitrogen fertilizer output
As the Ukrainian Agribusiness Club reported, at the end of 2020, the production of nitrogen fertilizers increased by 35% to 5.1 million tons, having set a record since 2015. The output of ammonium nitrate increased by 8%, carbamide-ammoniac compound by 29%, and carbamide by 47%.
The nitrogen fertilizers in Ukraine are currently produced by Ostchem Group, DniproAzot, and Odessa Port Plant. Ostchem Group accounted for two-thirds of nitrogen fertilizer output in 2020.
According to the statement of the General Director of the Ukrainian Agribusiness Club, the increase in the production of nitrogen fertilizers is associated with the low cost of natural gas, the embargo on imports of mineral fertilizers from Russia, and strong demand both in the Ukrainian and global markets. At the same time, prices in the domestic market of Ukraine were 15-25% higher than abroad.