PRESS OF UZBEKISTAN
January 18, 2018
SINGLE AGENT TO SOLVE ISSUES
Customers of mineral fertilizers will pay for the goods received on time.
Starting from 2018, the supply of mineral fertilizers to consumers is planned to be carried out via exchange trades through the intermediation of the Single Agent, organized with JSC Uzkimyosanoat.
This was discussed at a meeting dedicated to the current financial and economic situation of the chemical industry enterprises and the development of the industry, which took place on December 28, 2017, under the chairmanship of President Shavkat Mirziyoyev.
The activities of the Single Agent will help solve the existing problems. The fact is that at present the costs associated with mineral fertilizers for agricultural needs are not covered. As a result, chemical enterprises are limited in their ability to pay for the consumption of natural gas, electricity, phosphate raw materials, sulfuric acid and other types of goods and services consumed, and their accounts payable.
As the main reason for the current difficult financial situation in which the industrial enterprises for the production of mineral fertilizers turned out to be a complete lack of attention or a superficial approach to the financing of agriculture. They are the cause of the shortcomings in the system of mutual settlements with fertilizer producers, the President said.
Elimination of problems in mutual settlements will help to eliminate problems in ensuring the production of the necessary amount of fertilizers. At the same time, the needs assessment will be carried out on a scientifically based basis.
In particular, the existing need for phosphate fertilizers in the amount of 639.6 thousand tons is provided only by 25%. In this connection, by upgrading the existing facilities, it is envisaged to increase production to 177,000 tons in 2019, and by building a new phosphate fertilizer production complex in 2021, up to 550,000 tons.
(Source: «Uzbekistan Today» newspaper)