News from Municipalities
PhosAgro, one of the world’s leading phosphate-based fertilizer producers located in Cherepovets, Vologda Region is to increase sales of fertilizers to Argentina.
This decision was taken following the resolution taken by Argentinian President Mauricio Macri to cancel the 6% import duty on high-quality diammonium phosphate (DAP) from Russia.
It will boost mutually beneficial cooperation between Russian and Argentine companies. Agricultural products and mineral fertilizers which are necessary for increasing the efficiency of agricultural production, together constitute one of the most important and largest areas of trade between Russia and Argentina. The Russian fertilizer industry views Argentina and the rest of Latin America as a high-priority market, alongside the Russian domestic market.
In 2016, Cherepovets’ fertilizer exports to Northern and Latin America made up 18% of its overall exports.