According to the Federal State Statistics Service, in January-May this year, the production of mineral fertilizers in Russia rose by 3.1% to 8.5 million tons.

The production of nitrogen and phosphorus fertilizers increased by 3.8% to 4.865 million tons and by 6.3% to 1.842 million tons respectively, the production of potassium fertilizers rose by 0.7% to 3.624 million tons.

The leaders in the production of mineral fertilizers in Russia are PhosAgro, Uralchem and EuroChem.

Domestic market is a top-priority for Russian chemical companies

President of the Russian Fertilizer Producers Association (RFPA) and PhosAgro CEO Andrey Guryev said that RFPA’s companies need to make large-scale investments to provide Russian agriculture organizations and farmers with agrochemicals.

“To provide Russian farmers with agrochemicals and to maintain competitiveness in international markets, RFPA’s enterprises need to invest over a trillion rubles (about $14.4 billion) in agriculture productions,” Andrey Guryev emphasized. He also noted that the favorable investment conditions are the key to the effectiveness of large-scale capital investments.

Nowadays, Russian chemical companies fully satisfy the domestic demand for mineral fertilizers. Domestic farmers increased supplies of fertilizers by 14.5% to 9.5 million tons in 2019, which is a record value over the last 20 years.

As of mid-June 2020, the companies have already supplied more than 65% of the estimated annual demand for mineral fertilizers. That corresponds to a 20% growth in purchase compared to the same period last year.

“As a result of continuous work to improve efficiency and focus on innovations and the environment, Russian fertilizers are highly demanded in more than a hundred countries of the world. The domestic market will always be our strategic priority and the largest individual market in terms of sales volumes for our products,” said Andrey Guryev.

From FertilizerDaily