The company believes that to assist in the implementation of the plans may decline to supply the Chinese fertilizer from phosphates. So, in 2016, China reduced their exports by 20%. One of the reasons is the abolition of government export duties, which led to lower prices.
As explained by the General Director of "FosAgro" Andrey Guriev, before that Chinese manufacturers were selling fertilizer in the country at prices higher export duties. The abolition of this tax led to a drop in fertiliser prices and the closure of some businesses.
In addition, he believes that the China's environmental policy will also lead to a decrease in exports of Chinese fertiliser. She can suffer up to 30% of the local manufacturers.
About the company:
PhosAgro is a Russian vertically integrated company, one of the world's leading producers of phosphate fertilizers. The main activity is the production of phosphate-based fertilisers, high-grade (P2O5 content of 39% or more) of phosphate raw materials – Apatite concentrate, and also feed phosphates, nitrogen fertilizers and ammonia.
Translated by service "Yandex.Translation"
