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    Home > Food News > Food Articles > In response to fertilizer price hikes and supply shortages, Bolivia plans to invest 34 million to build nitrogen, phosphorus and potassium fertilizer plants

    In response to fertilizer price hikes and supply shortages, Bolivia plans to invest 34 million to build nitrogen, phosphorus and potassium fertilizer plants

    • Last Update: 2022-08-16
    • Source: Internet
    • Author: User
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    Bolivia's Oil and Gas Industry Corporation (EBIH) recently announced that it will build a plant to produce nitrogen-phosphorus-potassium (NPK) fertilizers in the province of Cochabamba, in view of rising fertilizer prices and a shortage of suppli.
     
    Bolivia's Pravda reported that Alejandro Gallardo Baldiviezo, general manager of EBIH, said that last year, fertilizer prices on the international market had risen by 80%; since the beginning of this year, due to Due to rising costs and other reasons, the price of chemical fertilizers in the international market has risen by nearly 3
    Among them, the price of urea has exceeded the peak in 2008, and the prices of phosphate and potash are slowly approaching historical hig.
    In addition, the Russian-Ukrainian conflict has made global fertilizer shortages and price hikes "wors.
     
    In view of the above situation, Bolivia has decided to invest 34 million Bolivianos to build a nitrogen, phosphorus and potassium fertilizer factory in Santivañez, Cochabamba provin.
    In order to meet domestic demand, the surplus will be used for expo.
     
    According to Gallardo, NPK fertilizers are complex fertilizers containing urea (N), phosphorus (P) and potassium (K), which help increase yiel.
    The raw materials used in the new NPK fertilizer plant come from local factories, urea comes from the “Bulo Bulo” factory in Chabamba province, phosphorus comes from local factories in Cochabamba province, and potassium comes from Potosí provin.
    ) under the state-owned Lithium Corporation (YL.
    Using these raw materials, the new NPK fertilizer factory can produce NPK fertilizers with different ratios, including NPK (18-8-18), NPK (12-12-12), NPK (15-15-15) and NPK (20-20-20), e.
    , can also be customized according to customer requiremen.
     
    Gallardo said that for the province of Cochabamba, the construction of a nitrogen-phosphorus-potassium fertilizer plant in the city of San Vanez is very beneficial, which will improve the efficiency of local agricultural production and restore Cochabamba's "Bolivian grana.
    " " tit.
    In addition, the rest of the country will also benefit, which will help strengthen Bolivia's food sovereign.
    Guaranteeing food security is a national policy of Boliv.
    Thanks to the success of the import substitution policy, Bolivia's inflation rate is relatively low among Latin American countri.
     
    Bolivia's Pravda reported that Alejandro Gallardo Baldiviezo, general manager of EBIH, said that last year, fertilizer prices on the international market had risen by 80%; since the beginning of this year, due to Due to rising costs and other reasons, the price of chemical fertilizers in the international market has risen by nearly 3
    Among them, the price of urea has exceeded the peak in 2008, and the prices of phosphate and potash are slowly approaching historical hig.
    In addition, the Russian-Ukrainian conflict has made global fertilizer shortages and price hikes "wors.
     
    In view of the above situation, Bolivia has decided to invest 34 million Bolivianos to build a nitrogen, phosphorus and potassium fertilizer factory in Santivañez, Cochabamba provin.
    In order to meet domestic demand, the surplus will be used for expo.
     
    According to Gallardo, NPK fertilizers are complex fertilizers containing urea (N), phosphorus (P) and potassium (K), which help increase yiel.
    The raw materials used in the new NPK fertilizer plant come from local factories, urea comes from the “Bulo Bulo” factory in Chabamba province, phosphorus comes from local factories in Cochabamba province, and potassium comes from Potosí provin.
    ) under the state-owned Lithium Corporation (YL.
    Using these raw materials, the new NPK fertilizer factory can produce NPK fertilizers with different ratios, including NPK (18-8-18), NPK (12-12-12), NPK (15-15-15) and NPK (20-20-20), e.
    , can also be customized according to customer requiremen.
     
    Gallardo said that for the province of Cochabamba, the construction of a nitrogen-phosphorus-potassium fertilizer plant in the city of San Vanez is very beneficial, which will improve the efficiency of local agricultural production and restore Cochabamba's "Bolivian grana.
    " " tit.
    In addition, the rest of the country will also benefit, which will help strengthen Bolivia's food sovereign.
    Guaranteeing food security is a national policy of Boliv.
    Thanks to the success of the import substitution policy, Bolivia's inflation rate is relatively low among Latin American countri.
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