Belarus’ chemical company OAO Grodno Azot said its nitrogen fertilizer exports reduced by 16.2% YoY in January-August 2016 to 215,700 tons (in terms of 100% nitrogen), a source in the profile ministry reported.
In money terms exports shrank by 38.6% YoY to $94.934 million. The expert attributes shrinking proceeds to the decline in fertilizer prices.
The average price of Belarus’ nitrogen fertilizer exports stood at $440 per ton in January-August, down by 26.7% YoY.
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, biodiesel fuel. (Prime-TASS/Business World Magazine)
