OREANDA-NEWS  On 21 November was announced, that Rivnoazot (PFTS: RAZT) cuts its key product output twofold. The key reason is deteriorating market conditions. Besides, in the nearest future, the company may start providing non-paid vacations to its staff.

According to the company statement, its warehouses are already overstocked. Nearly 80 thousand tonnes of ammonium nitrate have already been accumulated in its storage facilities.

We must say that Rivnoazot is mostly oriented at the domestic market, however, the Ukrainian agrarians that presently experience problems with liquidity create no sufficient demand.

The company hopes the situation in chemical industry will improve if the government provides its assistance to the domestic agrarian producers.