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Belarus President Lukashenko held a session on the development prospects of state nitrogen fertilizer producer Grodno Azot and ruled out loss-making, subsidized projects. The government is weighing deep modernization of existing plants or building a new nitrogen complex.
Lukashenko said more than half of the plant's output goes to domestic farms.
Any modernization or new nitrogen capacity would affect future Belarusian urea and ammonia supply, but no decision or timeline has been set. The near-term price impact on nitrogen fertilizer is minimal.
president.gov.byMay 10, 2018After 26 past neutral policy events, Urea moved a median -1.0% over 5 sessions (27% higher; middle half -4.1% to +0.6%), and -2.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
