World Bank: Urea production to increase in Azerbaijan

World Bank: Urea production to increase in Azerbaijan
# 21 April 2021 12:26 (UTC +04:00)

During the next several years new urea production facilities will be put into operation in Azerbaijan, Brunei, India, Iran, Nigeria, Russia, and Uzbekistan, which will significantly increase production, APA-Economics reports citing the forecast of the World Bank.

It is noted that in the first quarter of 2021 alone, the price of urea jumped nearly 30% and reflected strong demand due to improved profitability, supply shortfalls from earlier pandemic closures, and higher input costs.

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THE OPERATION IS BEING PERFORMED