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PhosAgro does not plan further phosphate fertiliser decrease

16 January 2012
Industrial Minerals

Russian fertiliser manufacturer PhosAgro AG does not plan to further decrease its production of phosphate-based fertiliser as “prices are now moving upwards and demand for fertilisers is rapidly restoring”, CEO Maxim Volkov told IM.

PhosAgro has announced a reduction in its fertiliser production of diammonium phosphate (DAP) and monoammonium phosphate (MAP)  by 18% during Q1 2012  as a result of a drop in fertiliser prices.