The market of mineral fertilizers in Ukraine in 2021 will increase by 8-10%, from 4 million tonnes to 4.4 million tonnes.
Such assessments of analysts of Group DF were announced by the chairman of the board of Cherkasy Azot, part of the group, Vitaliy Skliarov, during a working meeting at the Union of Chemists of Ukraine.
“We expect the industry to continue to grow this year. The deals we see in the first quarter, as well as the activity of farmers, give us enough reason to be optimistic,” he said.
According to Skliarov, the beginning of the year is characterized by a good steady demand for nitrogen fertilizers, which is evident from the applications.
“Figuratively speaking, our products are taken from under the grand tower, we practically do not work at the warehouse now. Moreover, the agricultural cycle and the purchase of fertilizers this year began about a month and a half earlier,” he described the current situation.
The expert believes that one of the reasons for the increased demand is the expectation of a good harvest due to sufficient rainfall in Ukraine this year.
He added that a positive effect from the introduction of the land market is also expected.
“This fall, the demand for fertilizers may turn out to be higher than usual, since people will invest more in their own land than in rented land,” Skliarov suggested.
According to him, another fundamental reason for the growth in demand for fertilizers is the global situation: due to COVID-19, the demand for food has significantly increased in the world and prices for basic agricultural commodities are growing.
