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Russian fertilizer producers target 25% global market share by 2030, lobby group says
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Russian fertilizer producers target 25% global market share by 2030, lobby group says
Jul 17, 2025 6:09 AM

MOSCOW, July 17 (Reuters) -

Russian fertilizer producers are expected to raise their

global market share to 25% by 2030, up from 20%, despite an EU

ban on Russian imports, as they pivot sales to BRICS nations,

the head of the industry lobby told President Vladimir Putin on

Thursday.

The European Union has imposed new tariffs on Russian

fertilizers, which took effect on July 1 and will rise to a

prohibitive level over three years. Russia previously accounted

for 25% of the EU's fertilizer imports.

"We are not afraid of any duties or tariffs. The market is

large. The main thing is that we are moving specifically to the

BRICS countries' market," Andrei Guryev, head of the Russian

Fertilizer Producers Association, told Putin.

"Today, the BRICS market accounts for almost 50% of all

mineral fertilizer consumption, and it is a market that will

continue to grow," said Guryev, a former CEO and major

shareholder of Phosagro, one of Russia's leading firms.

Guryev said that Russia, the world's largest fertilizer

exporter, will produce 65 million tons of mineral fertilizers in

2025. He also noted that exports to India have grown four-fold

in recent years.

Major Russian producers, including Phosagro, Uralkali,

Eurochem, Acron, and Uralchem, produce and export phosphate,

potash, and nitrogen fertilizers.

Guryev said he expects fertilizer prices to rise by up to

30% due to the EU's new tariffs. In Guryev's view, the high cost

of fertilizers combined with a ban on Russian imports will force

EU farmers to reduce seeded areas and request more subsidies.

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