Phosphate prices likely to fall further before recovering, says PhosAgro
Published: Thursday, 04 February 2016
The company this week reported an increase in 2015 sales and production, despite weakening fertiliser prices. Selling values for potash, phosphate and nitrogen are expected to decline further, however the company’s chief officer, Andrei Guryev anticipates a rebound towards the end of the year.
Fertiliser prices are likely to fall by another 10%, after
declining by 30% over the last couple of months, according to
Russian producer, PhosAgro.
The company’s chief officer, Andrey Guryev,
told Reuters news service that prices for potash, phosphate and
nitrogen fertilisers could weaken further owing to the steeper