Group «FosAgro» has opened an office in Argentina

© RIA Novosti / Evgeny to Betemporary in fotomontaggi company, Based at the St. Petersburg international economic forumGroup «FosAgro» has opened an office in Argentina© RIA Novosti / Evgeny to Betemporary the image Bank

. One of the leading manufacturers of phosphorus fertilizers holding «FosAgro» has opened an office in Buenos Aires (Argentina), reports the press service of the company.

This is the second office open «FosAgro» in Latin America, the first was opened a few years ago in Sao Paulo.

«Latin America is at once the domestic market for sales of products PhosAgro, accounting for more than a quarter of the exports of fertilizers PhosAgro». — said in a press release.

According to General Director of «FosAgro» Andrey Guriev, for the first 9 months of this year, shipments of the company’s products in Latin America grew by one third to almost half a million tons.

«The historical abolition of the six percent import duty on high-quality diammonium phosphate in August 2017 has opened up new opportunities for Russian mineral and organic fertilizers on the Argentine market. In the future, we estimate a share «FosAgro» in the Argentinean market of complex phosphate fertilizers at 15-20%», — said Guriev.

In turn, the Deputy General Director for sales and marketing «FosAgro» Sergey Pronin noted that for the first half of this year, the company almost tripled its delivery to Argentina — up to 135 thousand tons.

«In the future, we plan to deliver annually to Argentina not less than 200 thousand tons, due to a more accurate understanding of market needs and the increasing share of direct sales», — said Pronin.

In a press-service reported that «FosAgro-Argentina» became the tenth foreign office of the group «FosAgro» and the third outside of continental Europe. Foreign traders groups are working in all key markets, thanks to its strict compliance with long-term development Strategy of the Group «FosAgro», the share of global direct sales, now exceeding 90%, compared to 53% five years ago.