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News from Authorities

Phosagro, the largest maker of phosphate fertilizers in Europe, does not plan deliveries of phosphorous-based fertilizers to India due to low prices.

19.07.2013 10:45

Deputy Chief Executive of Phosagro Andrei Guriev said in an interview to Reuters that it happened because India, the world's largest phosphate consumer offers too low a price.

Last year Phosagro's revenue from India amounted to around 7.5 billion roubles, down from 12 billion roubles in 2011.

Phosagro supplied around 400,000 tonnes of dimmonium phosphate to India under its 2012 contract.

The company plans to redirect those volumes to Russia's domestic market, which it sees as a priority, and also to Southeast Asia, Latin America, Africa and Europe, said Guriev.

News from Authorities, International and Interregional Cooperation, Information Activities Department

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