SABIC Agri-Nutrients says demand surge, shutdowns fuel price rise

The rise in agricultural nutrient prices during the first quarter of 2025 was primarily driven by stronger demand from key import markets, as they moved to build up inventories ahead of the spring planting season, said Fahad Albattar, CEO of SABIC Agri-Nutrients.

According to the company's statement, Al-Battar noted that prolonged shutdowns at several factories since the previous quarter had tightened supply, further supporting the rise in prices.

The company's results confirm its ongoing commitment to maintaining discipline in capital movement, cost optimization, and effectively managing working capital, strengthening its financial stability and supporting its growth.

He explained that SABIC Agri-Nutrients’ performance reflects the flexibility of its business and its ability to benefit from market movements, emphasizing its commitment to maximizing value for its shareholders by focusing on improving costs, increasing operational efficiency, enhancing asset reliability, and achieving strong pricing performance across its various products.