World Bank: Urea production to increase in Azerbaijan

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# 12:26
21 April 2021

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