PJSC PhosAgro has increased its exports to emerging markets while maintaining its “top priority” of supplying the domestic market, according to an April 25 statement by the Russian fertilizer group.
PhosAgro increased fertilizer sales in 2022 by 6.4% to 11.1 million mt, a volume described by the group as the highest in its history, and up from 10.43 million mt the previous year (GM March 10, p. 26).
“In the face of external restrictions, we quickly redirected its export flows, increasing supplies to emerging markets,” the group said.
According to PhosAgro, the group increased its exports of agrochemical products to India in 2022 more than fivefold, reaching 2.7 million mt, while supplies to other Asian countries more than doubled, to 0.4 million mt.
The group said it is Russia’s largest exporter of fertilizers to Africa, with shipments to the continent increasing by a quarter to 0.5 million mt last year.