PhosAgro, Moscow, reported a 1 percent dip in fertilizer production and a 3 percent fall in fertilizer sales in the third quarter versus a year-ago. Nine-month fertilizer output showed a small uptick (0.2 percent) on the year, but sales fell 2 percent.
The fertilizer group cited higher production of DAP and MAP, as well as of NPK fertilizers, as driving the increase in nine-month production to 7.55 million mt.
Nine-month fertilizer sales totalled 7.79 million mt, down from the year-ago 7.91 million mt.
Sales of phosphate fertilizer and MCP in the nine-month period were 4 percent lower, falling to 5.86 million mt, down from 6.12 million mt.
PhosAgro attributed the main reason for the fall in phosphate fertilizer sales to the “restrained” seasonal demand in India as a result of the late decision by the country’s government on subsidies and the relatively low level of the subsidies.
Nine-month nitrogen fertilizer sales increased by 8 percent to 1.93 million mt, up from 1.79 million mt.
The group cited high demand in global markets, combined with a decrease in production of nitrogen fertilizer in Europe, as primarily behind the increase, which it said was particularly noticeable in the third quarter. Ammonium nitrate sales were the main driver of the growth, with sales volumes up 161 percent in the third quarter and 35 percent in the Jan.-Sept. period, compared with the same year-earlier periods.
PhosAgro celebrates its 20th anniversary this October.
PhosAgro fertilizer production
| ‘000 mt | 3Q 2021 | 3Q 2020 | % change | Jan.-Sept. 2021 | Jan.-Sept. 2020 | % change |
| Phosphate fertilizers and MCP | 1,954.3 | 1,940.5 | +1 | 5,779.8 | 5,748.2 | +1 |
| Nitrogen fertilizers | 539.0 | 573.7 | (6) | 1,770.6 | 1,788.9 | (1) |
| Total fertilizers | 2,493.3 | 2,514.2 | (1) | 7,550.4 | 7,537.1 | +1 |
PhosAgro fertilizer sales volumes
| ‘000 mt | 3Q 2021 | 3Q 2020 | % change | Jan.-Sept. 2021 | Jan.-Sept. 2020 | % change |
| Total fertilizers | 2,630.5 | 2,724.2 | (3) | 7,786.5 | 7,909.9 | (2) |
| Phosphate fertilizers and MCP | 2,115.1 | 2,247.0 | (6) | 5,858.7 | 6,123.7 | (4) |
| Of which: | ||||||
| DAP/MAP | 914.0 | 922.3 | (1) | 2,606.7 | 2,667.9 | (2) |
| NPK | 892.7 | 886.7 | +1 | 2,310.9 | 2,244.0 | +3 |
| NPS | 182.0 | 299.8 | (39) | 491.2 | 719.5 | (32) |
| APP | 45.6 | 38.3 | +19 | 149.8 | 148.1 | +1 |
| MCP | 79.8 | 95.2 | (16) | 291.6 | 294.7 | (1) |
| PKS | 1.0 | 4.7 | (79) | 8.5 | 49.5 | (83) |
| Nitrogen fertilizers | 515.4 | 477.3 | +8 | 1,927.8 | 1,786.2 | +8 |
| Ammonium nitrate | 191.7 | 73.4 | +161 | 629.4 | 467.8 | +35 |
| Urea | 318.8 | 396.1 | (20) | 1,253.4 | 1,308.0 | (4) |
| Ammonium sulfate | 4.9 | 7.8 | (37) | 44.9 | 10.4 | +332 |