Grupa Kapitałowa Grupa Azoty
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Grupa Azoty has released estimates of production volumes for January 2024. The figures confirm that the fertilizer market is prepared for the peak application season as a result of the purchases made in December. The announced data shows that nitrogen fertilizer production at Group companies declined relative to December last year, with estimated volumes for January 2024 at 199,000 tonnes, compared to 281,000 tonnes for December. On the other hand, an uptick in production was recorded for speciality fertilizers, with 25,000 tonnes estimated for January 2024, compared with 17,000 tonnes in December 2023. In the case of compound fertilizers, estimated production in January 2024 was 48,000 tonnes, compared to 54,000 tonnes in December 2023.
For OXO, output in both January and December was estimated at 11,000 tonnes. In the case of polyamide, the output estimate was also kept unchanged at 8,000 tonnes. The influx of low-cost products from Asia into the European Union is increasingly evident in estimated volumes for urea – 48,000 tonnes in January against 74,000 tonnes in December.
“The output estimates for nitrogen fertilizers in November and December have enabled us to secure sufficient fertilizer volumes for the domestic market ahead of the peak application season. In January this year, we saw increased interest from farmers in speciality fertilizers. Lower production levels for urea reflect the current situation on the European Union market in this area,” says Zbigniew Paprocki, Director General, Member of the Grupa Azoty S.A. Management Board.
Production estimates for January are available at https://tarnow.grupaazoty.com/en/investor-relations/current-reports-2 under the January 2024 Report.