Global fertilizer producers are reducing production one after another

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Global fertilizer producers are cutting production. Source: Sinopec News Network. November 19, 2008. According to Sinopec News Network, Yara, the world’s largest producer of nitrogen fertilizers, has announced that it has suspended the production of ammonia and urea at its facilities in Italy. The company has a production capacity of 600,000 tons per year of synthetic ammonia and 500,000 tons per year of urea in the region. Yara believes that the current weak demand for urea in the international market, along with falling prices, has **affected the company’s profitability. Russian fertilizer producer Acron said it is currently reducing its fertilizer production, with output of ammonium nitrate, dry compound fertilizers, and urea decreasing by 50%, ammonia synthesis output falling by 30%, and the production of organic synthetic products and inorganic chemicals dropping by 20%. Acron stated that the global economic crisis has affected agricultural chemical manufacturers, as market demand has begun to weaken and product prices have dropped ； On the other hand, it is difficult for producers to obtain funding to develop their business. (Tang Wen) If you wish to republish the news content published on this website, please indicate the source: Sinopec News Network. Relevant links