Belarus’ chemical company OAO Grodno Azot says its nitrogen fertilizer exports reduced by 22.8% YoY in January-July to 151,300 tons (in terms of 100% nitrogen), a source in the profile ministry reported.
In money terms exports shrank by 42.3% YoY to $69.507 million. The experts attribute shrinking proceeds to the decline in fertilizer prices.
Grodno Azot was set up in 1963 and transformed into an open joint-stock company in 2002. The Belarusian government holds a 99.97% stake.
Grodno Azot is Belarus’ main producer of liquid ammonia, nitrogen fertilizers, methanol, caprolactam, and biodiesel fuel. (Prime-TASS/Business World Magazine)