PhosAgro may increase DAP deliveries to Brazil following suspension of import duties
Published: Wednesday, 01 October 2014
The decision by CAMEX to remove import duties on high quality diammonium phosphate fertilisers represents an opportunity for PhosAgro to strengthen its Latin American presence, as the region currently represents only 25% of the company’s annual exports. Brazil has low domestic production volumes for fertilisers, despite it being an important fertiliser market with a large amount of arable land.
Moscow-based fertiliser producer PhosAgro is considering
increasing its export volumes of diammonium phosphate (DAP) to
Brazil, following a decision by the Brazilian Foreign Trade
Council (CAMEX) to suspend the 6% import duty on the type of
PhosAgro said that the Latin American fertiliser market
much like the Russian...