Poland’s phosphate fertilizer production almost doubles in 2010

27 January 2011 16:48  [Source: ICIS news]

PRAGUE (ICIS)--Phosphate fertilizer production in Poland during 2010 increased by 95.5% year-on-year to 475,000 tonnes, the Polish Central Statistical Office (GUS) said on Thursday.

Nitrogen fertilizer production was up 8.5% at 1.63m tonnes, it added.

In early January, Erste bank upgraded its recommendation on the stock of Poland's largest phosphate fertilizer producer, Zaklady Chemiczne Police (ZChP), citing a stronger-than-expected rebound in its key markets.

Analysts noted that during the onset of the economic crisis, farmers were able to make savings by skipping some of their periodic use of phosphate fertilizers, something they could not do with nitrogen fertilizers due to soil requirements.

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By: Franco Capaldo
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