Ecobio is showing strong performance. This is interpreted as being influenced by the expectation that fertilizer prices will rise due to the war between Israel and the Palestinian armed group Hamas.
As of 2:02 PM on the 16th, Ecobio is trading at 7,230 KRW, up 7.43% compared to the previous day.
On the same day, Yoon Jae-sung, a researcher at Hana Securities, analyzed, "The possibility of Israel halting exports, which account for 5-7% of potassium fertilizer production, and the potential rise in prices of gas (ammonia)-based nitrogen fertilizers, which are substitutes, have increased the likelihood of fertilizer prices rising in the future."
The price of gas, the raw material for nitrogen fertilizer, has also been rising sharply recently. This reflects the possibility of the closure of the Strait of Hormuz and the conflict between the U.S. and Iran over Israeli gas fields. In the mid to long term, the shortage of U.S. gas supply is expected to be a trigger for global price increases.
Meanwhile, Ecobio is a specialized company that processes bio-sulfur generated during the power plant pretreatment process into raw materials for fertilizers, pesticides, and household products. Bio-sulfur is produced through biological processes and, unlike general inorganic sulfur, not only effectively exhibits the fertilizer effects of sulfur such as taste, color, and growth promotion but also excellently controls powdery mildew without harming crops, making it a highly regarded organic agricultural material that can replace pesticides. It has also been proven to be effective in managing other pests and diseases.
Ecobio mainly handles liquid single-feed supplements and is engaged in product development and supplying equipment necessary for this. By distributing liquid single-feed supplements and systems to the pig farming industry, it enhances productivity reduction and environmental improvement effects such as odor control at farms.
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