The Russian market holds significant potential, and PhosAgro views it as one of the best opportunities globally in terms of agricultural sector growth option. Russian agricultural enterprises have become more competitive thanks to the depreciation of the rouble and state support for the sector, as well as significant investments into modernising agricultural production. PhosAgro’s sales to local farmers grew by 30% year-on-year in 2016, while our share of the overall Russian fertilizer market is nearing 27%. We have become the largest supplier of fertilizers to Russian agricultural producers thanks to continued investments into our market-leading distribution and sales network. Our home market accounted for 33.6% of revenue in 2016, up from an average of 29.6% in 2011–2015. Russian farmers’ demand for fertilizers has been supported by strong performance thanks to years of investment and advantageous export market conditions.
Domestic sales Sales volumes in our domestic market increased 30% year-on-year in 2016, to 2.1 million tonnes.
|USE OF FERTILISERS, KG NUTRIENTS/HA|
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