PJSC PhosAgro plans to increase fertilizer exports to Africa by 15-20% this year, according to reports by Interfax and TASS, citing Mikhail Sterkin, PhosAgro’s Deputy CEO for Sales, Marketing, and Logistics.
The group accounted for 540,000 mt of the 1.6 million mt of fertilizer that Russia exported to Africa in 2022, Sterkin said. In the next five years, he said PhosAgro intends to increase exports to Africa to 1 million mt, noting that most popular types of fertilizer in Africa are ammonium nitrate, urea, MAP, and NPK fertilizer.
PhosAgro said it currently exports fertilizer to 21 countries in Africa and it plans to expand the geography. The company’s largest markets in the region are South Africa, Senegal, Ivory Coast, Mozambique, and Tanzania.