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Ukraine fertilizers market projected to double by 2017

October 26/2012
(DF) -- Mr. Dmitry Firtash, Head of the Board of Directors Group DF, projected that the volume of domestic mineral fertilizers market will double by 2017.
"We are positive that the Ukrainian fertilizers market will double within 5 years to come. Even the most pessimistic outlooks show an at least a 1.7-times growth. We have a lot confidence in these forecasts which is why we invest in our enterprises," explained Mr. Firtash.
According to the outlooks published by OSTCHEM (a company operating Group DF"s nitrogen chemical productions), by 2017 the nitrogen fertilizers consumption volumes will rise from the current 950 thousand tons up to 2 million tons, phosphates - from 225 up to 460 thousand tons, potassium fertilizers - from 125 up to 270-280 thousand tons.
 Dmitry Firtash further noted that fertilizers consumption in Ukraine is growing at a pace higher than in other countries. "Whereas these days Ukraine share in the global fertilizers consumption breakdown is below 1 %. In 2017 it is estimated to reach 1.5 - 1.7 percent,"  says Mr. Firtash. 
According to his assessments, soon enough the volumes of fertilizers consumption in Ukraine will reach those recorded in Europe. "Fertilization is a key to efficient agriculture, a key to farmers  profitability,"  stresses Dmitry Firtash. The Head of the Group DF"s Board of Directors is sure that an increase in fertilizers consumption will inevitably bring about a rise in agribusiness efficacy. 
Group DF is a private international group of companies whose interests and assets are concentrated in the energy sector, chemical industry, energy production infrastructure, agriculture and real estate.
OSTCHEM is an asset management company consolidating efforts of Group DF"s nitrogen chemical industries: STIROL Concern (Gorlovka), Severodonetsk Azot, Cherkassy Azot, Rivneazot.

As MRC wrote earlier, Mr. Firtash was considered to be the probable future ownner of TNK-BP"s Lisichansky refinery.
Author:Anna Larionova
Tags:min.udobreniya, neftehimiya, TNK-VR Snabzhenie, Concern Stirol, Azot, Cherkassy.
Category:General News
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