April 26, 2018 / 9:57 AM / 8 months ago

Russia's Phosagro says Q1 fertiliser output up 18.5 pct y/y

MOSCOW, April 26 (Reuters) - Russian fertiliser producer Phosagro said on Thursday its production of fertilisers increased 18.5 percent in the first quarter of 2018, year-on-year, to more than 2.3 million tonnes.

“Looking ahead to market conditions in the second quarter of 2018, we remain cautiously optimistic on prices, despite the end of the high season and more phosphate products becoming available for export from China,” Phosagro chief executive Andrey Guryev said. (Reporting by Polina Ivanova; Editing by Vladimir Soldatkin.)

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