Grupa Azoty Group demonstrates continued month-over-month growth in fertilizer output

According to the released estimates, in October, companies of the Grupa Azoty Group produced 245 000 t of nitrogen fertilizers (up from 227 000 t in September), 71 000 t of compound fertilizers (compared with 64 000 t in September) and 26 000 t of speciality fertilizers (an increase relative to 15 000 t in September).

A month-over-month increase has also been demonstrated within the urea production segment, with an estimated product output of 110 000 tin October, versus 94 000 t in September.

Otherwise, production volumes in October remained at the levels recorded in September.

“In October we mark the fourth consecutive month of production growth within the AGRO Segment. The output figures are indicative of a positive trend, reflecting gradual stabilisation of the fertilizer market and return of demand to levels reminiscent of previous fertilizer seasons, recorded before the outbreak of Russia’s war against Ukraine in 2022,” says Tomasz Hinc, President of the Management Board, Grupa Azoty S.A.

Read the article online at: https://www.worldfertilizer.com/nitrogen/16112023/grupa-azoty-group-demonstrates-continued-month-over-month-growth-in-fertilizer-output/