AMMAN — Jordan stepped in to supply part of
the global potash shortage due to the war in Ukraine, placing the Kingdom’s
vital fertilizer industry on the world’s political map, Arab Potash Company CEO
Maen Al-Nsour said Sunday.
Nsour explained to the "Economic Sunday” program on
Al-Mamlaka TV that "fertilizers have a very big role in enabling countries
to produce food," noting that Russia and Ukraine are among the leading countries
in the field of food production.”
However, he added “their capabilities in the production of
fertilizers and food have been affected, therefore Jordan had to move to supply
this shortage that occurred in the world.”
Russia and Belarus produce about 40 percent of the potash
produced globally and both countries “entered into battles, which affected
their ability to extract the potash and to export it", Nsour pointed out.
He maintained: “We were able to enter markets that we did not
enter during the previous stages and these markets are considered to have very
high returns, such as Brazil”.
Nsour said that Jordanian exports to the Brazilian market increased by up to 1,600 percent in less than 3 years, which is “evidence of
the ability of Jordanian companies to manufacture fertilizers through which we
can enter these markets".
Nsour said that "stability in the Kingdom and its
relationship with different countries played a major role in entering these
markets, and clearly moving into them."
"We have been working in this sector for a long time,
and we were able to form a very positive impression about Jordanian potash and
the materials that we make it depend on the raw materials,” he added.
Read more Business
Jordan News
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AMMAN — Jordan stepped in to supply part of
the global potash shortage due to the war in Ukraine, placing the Kingdom’s
vital fertilizer industry on the world’s political map,
Arab Potash Company CEO
Maen Al-Nsour said Sunday.
Nsour explained to the "Economic Sunday” program on
Al-Mamlaka TV that "fertilizers have a very big role in enabling countries
to produce food," noting that
Russia and
Ukraine are among the leading countries
in the field of food production.”
However, he added “their capabilities in the production of
fertilizers and food have been affected, therefore Jordan had to move to supply
this shortage that occurred in the world.”
Russia and
Belarus produce about 40 percent of the potash
produced globally and both countries “entered into battles, which affected
their ability to extract the potash and to export it", Nsour pointed out.
He maintained: “We were able to enter markets that we did not
enter during the previous stages and these markets are considered to have very
high returns, such as Brazil”.
Nsour said that Jordanian exports to the
Brazilian market increased by up to 1,600 percent in less than 3 years, which is “evidence of
the ability of Jordanian companies to manufacture fertilizers through which we
can enter these markets".
Nsour said that "stability in the Kingdom and its
relationship with different countries played a major role in entering these
markets, and clearly moving into them."
"We have been working in this sector for a long time,
and we were able to form a very positive impression about Jordanian potash and
the materials that we make it depend on the raw materials,” he added.
Read more Business
Jordan News
