A statement released recently by the Zimbabwe National Chamber of Commerce, said Sable Chemicals requires over $50 million for procurement of raw materials and uninterrupted production of the fertilizer needed for the 2013/14 agriculture season.
Zimbabwe needs a total 150, 000 tonnes of AN and a similar tonnage of compound D fertiliser for the current farming season, according to the statement.
It was indicated that while there could be enough stocks of compound D fertilisers, there might be shortages of AN.
“Production of fertiliser at Sable Chemicals faced various economic challenges and the company was operating at 25 percent of capacity,” reads part of the statement.
While it has the capacity to produce 240, 000 tonnes of fertiliser, because of funding constraints Sable will only be able to produce 70, 000 tonnes this year.
The company has already produced 50, 000 tonnes of AN fertiliser.Post published in: News