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The new product, named RSM BioShot, is a deep-placement nitrogen fertilizer from the group of nitrate-urea solutions (RSM). Its liquid form, containing 32% N and enriched with sucrose, has a biostimulatory effect that supports root development as well as overall plant growth and health. The fertilizer is produced by the Puławy-based company of Grupa Azoty, which for 30 years has been supplying Polish farmers with nitrate-urea solutions of various nitrogen concentrations and with different additives.
Grupa Azoty Polyolefins and Orlen have signed a working capital financing agreement for an amount not exceeding USD 28 million to finance the purchase of propane by Grupa Azoty Polyolefins. The agreement sets out the terms of this financing and the repayment conditions. Propane is used in the Polimery Police plant for the production of propylene.
For several weeks now, fertilizer prices have been on an upward trend in the main global markets. This is the result of several factors – demand, fertilizer availability, and supply logistics. Fertilizers are becoming moderately more expensive both in countries with low and stable production costs and in countries where costs are high and subject to rapid changes. In light of the trend observed over several quarters of postponing fertilizer purchases until just before the seasonal peak, Grupa Azoty consistently recommends spreading purchases over several batches to reduce the risk of buying products at high prices.
