Bolivia's Urea Sales Exceed US$100 Million in The First Four Months And Are Expected To Exceed US$400 Million For The Year

Bolivian newspaper La Verdad reported on 17 May that YPFB president Armin Dorgathen said that in the past few years, Bolivia's total annual domestic sales and exports of urea have been between US$69 million and US$70 million, while sales in the first four months of this year alone have exceeded US$100 million, far exceeding previous levels.

If Bolivian urea plant PAU can increase its productivity, total urea sales for the year are expected to exceed US$400 million, exceeding expectations of US$300 million, Dolgason said. PAU is currently operating at 78% of capacity, with a production rate of 1,800 tonnes per day. With adjustments to plant operations and regular maintenance of equipment, capacity utilisation could reach 100% in the second half of this year and production is expected to increase to 2,100 tonnes per day. in 2023, utilisation may reach 110% and production is expected to continue to grow to 2,300 tonnes per day.

"Compared to other Latin American countries, our country has an advantage in terms of production technology. As a result, there is a high demand for Bolivian urea in the international market. Currently, the main export market for Bolivian urea is Brazil, although countries such as Colombia, Ecuador, Peru, Argentina and Chile also wish to import urea produced in our country, but we must first consider the supply of the domestic market."