PhosAgro news

The industry prize fosters sustainable solutions for African agriculture.

The output of the +10 m level is expected to reach 1.6 million tpy of ore in 2022, 2.7 million t in 2023, and by 2028 it will reach 9.4 million tpy.

The company's adjusted net income in 1Q21 was RUB21.2 billion (US$286 million), up 28% year-on-year.

The company's fertilizer output in 1Q21 increased by 2.2% y/y to 2.7 million t.

The new production facility, which has a capacity of 300 000 tpy, has produced its first batch of MAP, a nitrogen-phosphorous fertilizer.

The company has opened a new monoammonium phosphate (MAP) production facility, with a capacity of 231 000 tpy, at its Volkhov site in the Leningrad region of Russia.

The duties will be imposed following a decision by the United States International Trade Commission that the US phosphate industry has been materially injured by imports of phosphate fertilizers from Morocco and Russia.

The European Commission has adopted official guidelines on the use of voluntary green labelling for fertilizers that are free from harmful concentrations of cadmium and other heavy metals that are hazardous to human health and soils.

The US Department of Commerce has announced its final determination that phosphate fertilizer imports from Morocco and Russia are unfairly subsidised.

PhosAgro has reported that its commercial product output increased by 5% year-on-year to 10.2 million t in FY20.