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The full text is excerpted as follows:
Algeria’s fertilizer exports set an unprecedented record, exceeding US$2 billion for the first time in the country’s history, which is equivalent to approximately 2.
800 billion centimes
.
Prior to this, the price of chemical fertilizers in the international market has reached US$1,000/ton
.
800 billion centimes
.
Prior to this, the price of chemical fertilizers in the international market has reached US$1,000/ton
.
SoMassimo Latino, general manager of Surfert, a subsidiary of natrach fertilizer, told The Dawn that the company expects to have a turnover of approximately US$800 million by the end of this year.
The price of natural gas, a raw material for the production of chemical fertilizers, has risen sharply
.
The price of natural gas, a raw material for the production of chemical fertilizers, has risen sharply
.
He said that the price of chemical fertilizer has risen to US$1,000/ton recently, which is a level that the price of chemical fertilizer has never reached in the international market
.
The last time fertilizer prices skyrocketed was in 2007, reaching US$700/ton
.
He predicts that fertilizer prices will continue to rise until next spring
.
.
The last time fertilizer prices skyrocketed was in 2007, reaching US$700/ton
.
He predicts that fertilizer prices will continue to rise until next spring
.
Sources in the energy sector revealed to the "Dawn" that the Algerian-Oman fertilizer company "AOA" in the Arze industrial zone has completed an export value of 1.
2 billion US dollars
.
In addition, SoThe export value of Fertial, a subsidiary of natrach, is waiting for export statistics at the end of the year
.
2 billion US dollars
.
In addition, SoThe export value of Fertial, a subsidiary of natrach, is waiting for export statistics at the end of the year
.
Fertial's Spanish partner Fertiberia previously suspended its largest plant in Spain due to the natural gas crisis and rising prices of fertilizer raw materials (natural gas), and instead imported fertilizers from its Algerian subsidiary to meet the requirements of Spanish customers
.
.
Earlier this month, Prime Minister and Minister of Finance Ayman bin Abdullahman stated that Algeria’s non-hydrocarbon exports reached US$4 billion
.
.
Judging from these data, Algeria has gained dual benefits from the global natural gas crisis.
On the one hand, the price of natural gas has risen significantly, and on the other hand, the price of chemical fertilizer has soared, and the export of chemical fertilizer has reached an unprecedented 2 billion US dollars
.
On the one hand, the price of natural gas has risen significantly, and on the other hand, the price of chemical fertilizer has soared, and the export of chemical fertilizer has reached an unprecedented 2 billion US dollars
.
