Fertilizers & Chemicals
The ongoing pandemic’s effect on markets all around the world is expected to last until the end of first half of 2021 and in terms of pandemic outlook, no change is predicted. Related to this pandemic, it is considered that unexpected price increases might surge in case producers may not supply the demand due to shutdowns and quarantines that may be the case in marine ports. Fertilizer and raw material prices are expected to be at some higher levels compared to 2020. Nevertheless, as this situation will not generate any general negativity for the agricultural industry, the agriculture activities are predicted to continue. For the year end of 2021, our domestic sale amount is targeted to be between 1,000,000-1,250,000 tons.