Kiev. Ukraine. Ukraine Gate – December 24, 2020 – Agriculture
The director of IA “Marker” Sergei Pisotsky stated that the upward price trend, which is currently observed in the Ukrainian market of mineral fertilizers, may continue until March 2021.
According to the expert, at the end of this year, against the background of a growing supply deficit, prices for fertilizers, especially the nitrogen group, began to rise sharply. On average, from mid-November to late December, prices in the nitrogen segment increased by 10-15%. The most acute issue is the availability of goods in the sectors of urea and ammonium sulfate. Here prices rose by 18% and 25% respectively. In the sector of phosphorus and complex fertilizers there is also an upward trend, but the pace is lower. During this period, the average price indicator increased in the group of phosphate fertilizers by 5-10%, and in the group of complex – by 3-8%.
“Given the low volume of imports throughout the year, the situation at the end of the year was expected. Seasonal demand to provide national producers are not able to, even due to logistical constraints, and without supplying the market with imported goods active demand for the spring campaign, “- said Sergei Pisotsky.
He also noted that in the first 10 months of this year, imports of mineral fertilizers decreased by almost 39% compared to the same period in 2019. The reduction primarily affected the nitrogen group of fertilizers, while imports of NP and NPK decreased less to the extent.