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. In 2017, domestic sales increased by 12.3% year-on-year to 2.34 mln tonnes, while the Company’s market share in Russia reached 29%. Since 2011, our home market has accounted for 30% of our total revenue. Significant investments into the development of our sales network have allowed the Company to become the largest supplier of fertilizers in the Russian agricultural sector.
Domestic sales Sales volumes in our domestic market increased 12,3% year-on-year in 2017, to 2.34 million tonnes.
|USE OF FERTILISERS, KG NUTRIENTS/HA|
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