October 2 2022 5:34 AM E-paper Subscribe Sign in My Account Sign out

Jordan covers part of global potash shortage

Arab Potash Company APC
Arab Potash Company. (File photo: Jordan News)
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.اضافة اعلان

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