March 26, 2012

PhosAgro's DAP, MAP fertilisers' production down 22%

Due to significantly higher demand for NPK fertilisers with a high concentration of P and K in first quarter 2012, PhosAgro announces that production of DAP and MAP fertilisers will be down by more than 22% on-year.

As demand for NPK fertilisers remains strong, the Company expects overall fertiliser production in H1 2012 to increase compared to H1 2011, while production of DAP and MAP fertilisers will be approximately 15% lower in Q2 2012 compared with Q2 2011.

PhosAgro CEO Maxim Volkov said: "We have seen a significant increase in demand for our NPK fertilisers, and thanks to our flexible production and sales strategy we have been able to increase overall fertiliser production compared to 2011."