Uralchem Aims Boosting Fertilizer Shipments to Africa
(MENAFN) Uralchem, one of the Russian Federation’s foremost fertilizer manufacturers, has disclosed intentions to hugely broaden its exports to the African continent, aiming for 5 million metric tonnes each year by 2030.
Chief Executive Officer Dmitry Konyaev unveiled this objective during the ‘Business dialogue Russia-Africa’ session at the 28th St. Petersburg International Economic Forum (SPIEF) on Thursday.
Konyaev explained that raising annual deliveries from roughly 1 million metric tonnes projected at the close of 2024 to 5 million by the decade’s end would signify “real results and real achievements” not only for Uralchem but also for African agriculture.
He pointed out that, by late 2024, total fertilizer imports into Africa are expected to reach only about 10 million tonnes—an amount he views as disproportionately small for such a vast region.
The executive attributed this limited market penetration to domestic structural obstacles, including inadequate transport infrastructure and cumbersome financial-settlement procedures.
“Often, an African farmer pays more than a European [farmer] for the same fertilizers. It’s absolutely absurd,” he declared, emphasizing the urgency of overcoming these systemic barriers.
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